Max 401k Catch Up Contribution 2024 Over 60.  — for 2024, the maximum you can contribute from your paycheck to a 401 (k) is $23,000. Total contributions cannot exceed 100% of an employee’s annual compensation.

 — workers ages 50 and older have a higher annual 401 (k) contribution limit than their younger peers.  — the maximum 401k contribution limit for 2024 increases to $23,000, up from $22,500 in 2023, up from $20,500 in 2022, and up from $19,500 in 2021.