2024 401k Contribution Limits 2024. If you’re 50 or older, you can stash an additional $7,500 in your 401 (k). On nov., 1, 2023, the irs boosted annual contribution limits for 2024 for 401 (k), 403 (b), and most 457 plans.

In 2024, the 401 (k) contribution limit for participants is increasing to. Contribution limits for 401(k)s, 403(b)s, most 457 plans, thrift savings plans (tsps), and other qualified retirement plans rise were $23,000 for 2024, rising from.