Max On 401k 2024. The irs revisits these numbers annually and, if necessary,. In 2024, the irs allows you to contribute up to $23,000 to your 401(k) plan, up from $22,500 in 2023.

You’re only allowed to set aside up to $7,000 in 2024 or $8,000 if you’re 50 or older. Employees could contribute up to $22,500 to their 401(k) retirement savings plans for tax year 2023.