Maximum 401k Contribution 2024 Per Person Usa. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you're 50 or older). The ira catch‑up contribution limit for individuals aged 50 and older remains at.
This amount is up modestly from 2023, when the individual 401(k). The first couple rows in the tables above show the limits everyone needs to know about when it comes to their 401 (k) accounts in 2023 and 2024: