Luise Robinia

2024 401k Maximum Deferral.  — the maximum amount a single person can contribute from their salary to their 401k plan is expected to increase almost $1000, which will make a total of $24,000. Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up.

Those 50 and older can contribute an additional $7,500. If you’re 50 or older, the limit is $8,000.