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What Is The Maximum 401k Contribution 2024 Employer. Employees 50 or older can. The internal revenue service sets the maximum amount you and your employer can contribute to your 401 (k), and that number increases in 2024.

Total 401(k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024. $19,500 in 2020 and 2021 and $19,000 in 2019), plus $7,500 in 2023;