401 K Contribution Limits 2024 Over 55. 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. Those 50 and older can contribute an additional $7,500.
Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal governmentโs thrift savings plan can contribute up. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401 (k), 403 (b) and 457 (b) plans increased from $22,500 to $23,000.
