40k Contribution Limits 2024 Over 50

40k Contribution Limits 2024 Over 50.  — for 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can.

 — the total employee contribution limit to all 401 (k) and 403 (b) plans for those under 50 will be going up from $23,000 in 2024 to $23,500 in 2025. If you are 50 years old or older, you can also contribute up to $7,500 in.