2024 401k Limits Over 55. Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can. This amount is an increase of $500 from the 2023 401 (k).
This year the irs announced there will be an increase to the maximum employee 401 (k) contribution limit for 2024, increasing it to $23,000, a $500 increase from the 2023 tax season. 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.