401k Max Contribution 2024 Irs. Simple 401 (k) plan contributions max out at $16,000 for the 2024 tax year. In 2024, the irs limits total 401 (k) contributions to $69,000 or 100% of the employee’s compensation, whichever is less.
The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older. In 2024, employees can contribute up to $23,000 to their plans.
