2024 401k Contributions Over 50 Limits. For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.
Based on current inflation data, milliman’s latest 2024 irs limits forecast predicts a $500 increase while official 2024 limits are expected to be announced in. Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up.
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