401k 2024 Contribution Limit Irs Over 50

401k 2024 Contribution Limit Irs Over 50. 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. The 401(k) contribution limit is $23,000 in 2024.

If you’re in your early 60s and have a 401 (k), 403 (b) or other workplace retirement account, you can supersize your contributions — to as. The irs sets 401 (k) contribution limits and typically increases them by $500 annually.