401k 2024 Contribution Limit Irs Over 50

401k 2024 Contribution Limit Irs Over 50. In 2024, the limit was $69,000 ($76,500 for those 50 or older). 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.

For 2025, the 401(k) limit for employee salary deferrals is $23,500, which is above the 2024 401(k) limit of $23,000. The 2024 401(k) individual contribution limit is $23,000, up from $22,500 in 2023.