401k 2024 Contribution Limit Catch Upsc. The 401 (k) compensation limit. Employees age 50 or older are eligible to contribute an additional $1,000, for a total of $8,000.

Increased by $500 from 2023 to 2024, allowing employees under 50 to contribute up to $23,000.  — for 2024, the maximum you can contribute from your paycheck to a 401 (k) is $23,000.