2024 401k Limits Over 50

2024 401k Limits Over 50. Starting in 2024, employees can contribute up to $23,000 into their 401 (k), 403 (b), most 457 plans or the thrift savings plan for federal employees, the irs announced nov. This amount is up modestly from 2023, when the individual 401.

For those with a 401 (k), 403 (b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.