2024 401k Contribution Limits 2024 Over 50 . 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. There's also a $7,500 catch.
Changes in inflation affect the limits, which have risen gradually. In this piece, we’ll review the 401(k) contribution limits for 2024 and 2025.
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2024 IRS 401k IRA Contribution Limits Darrow Wealth Management , For 2025, the 401(k) limit for employee salary deferrals is $23,500, which is above the 2024 401(k) limit of $23,000.
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2024 Contribution Limits Announced by the IRS , Therefore, participants in 401k, 403b, and most 457 plans, as well as the federal government's thrift savings plan who are 50 and older can contribute up to $30,500, starting in 2024.
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