401k Contribution Limits 2024 Over 60. As announced by the internal revenue service (irs), contribution limits for 401(k) plans have increased in 2024. The contribution limit for 401 (k)s, 403 (b)s, most 457 plans and the federal government's thrift savings plan is $23,000 for 2024, up from $22,500 in 2023.
The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. But if you are age 50 or older, you can take.
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