Dedie Faustine

2024 Max 401k Contribution Fidelity. Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year. The irs has announced the 2024 contribution limits for retirement savings accounts, including contribution limits for 401(k), 403(b), and 457(b) plans, as well as income limits.

Those 50 and older will be able to add another $7,500 — the same catch. In 2024, people under age 50 can.