2024 40k Limit Over 50. Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year. 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.
The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. Other limits also apply, including the amount your employer can contribute.