How Much Can I Contribute To 401k 2024 Tax Free

How Much Can I Contribute To 401k 2024 Tax Free. The maximum amount you can contribute to a 401(k), traditional or roth, in 2024 is $23,000, or $30,500 if you are 50 or older. In 2024, employees can contribute up to $23,000 to their 401(k).

Let’s go back to the 401 (k) calculator to look at that same example—you make $100,000 and contribute $6,000 annually to your savings—but without any employer matching. Your annual contribution is capped at $23,000 in 2024.