2024 401k Maximum Contribution Limits Over 50

2024 401k Maximum Contribution Limits Over 50. The irs announced today it will increase 401 (k) contribution limits to $23,500 (from $23,000 in 2024), the same increase as last year, while limits for employees over 50 remains. For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit will go up to.

401(k) plan limits 2024 2025 change; In 2024, employers and employees together can contribute up to $69,000, up from a limit of $66,000 in 2023.