401k Max Contribution 2025 For People Over 50

401k Max Contribution 2025 For People Over 50. Employees can now defer up to $23,500 into workplace plans, a $500 increase from last year. If you are 50 years old or older, you can also contribute up to $7,500 in.

For 2025, the irs raised the cap to $23,500 for people under 50 and $31,000 for people. There is a higher 401(k) contribution limit for 2025.