401k Limits For 2024 Over Age 55. Workers who contribute to a 401(k), 403(b), most 457 plans and the federal government's thrift savings plan can contribute up to $23,000 in 2024, a $500 increase. In 2024, the irs allows you to contribute up to $23,000 to your 401(k) plan, up from $22,500 in 2023.
This includes all your personal contributions and any money your employer contributes to your 401(k) on your behalf. Over the years, 401(k) contribution limits have increased gradually.
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