Maximum 401k Contribution 2024 Over 55. The irs has announced the 2024 contribution limits for retirement savings accounts, including contribution limits for 401(k), 403(b), and 457(b) plans, as well as income limits. The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older.
You can take advantage of the higher. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.