The maximum upload size is determined by two settings in /usr/local/lib/php.ini
; Maximum size of POST data that PHP will accept.                           
; cxh: 10/2/08: reset to 8M                                                 
; If you change this, change upload_max_filesize                            
;post_max_size = 8M                                                         
;post_max_size = 15M                                                        
post_max_size = 20M
and
; Maximum allowed size for uploaded files.                                  
; cxh: 10/2/08: reset to 8M                                                 
; If you change this, change post_max_size                                  
;upload_max_filesize = 2M                                                   
;upload_max_filesize = 8M                                                   
;upload_max_filesize = 15M                                                  
upload_max_filesize = 20M
If you change /usr/local/lib/php.ini, then run
/etc/init.d/apachectl graceful
See also Restarting the website

To check the current size, go to option -> View PHP Info, which will query PHP about its settings.