Maximum 401k Contribution 2024 Over 60

Maximum 401k Contribution 2024 Over 60. Thanks to some recent adjustments by the internal revenue service, your 401 (k) will get a bit better in 2024. 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.

Here’s how the 401 (k) plan limits will change in 2024: Personal contribution limits for 401 (k) plans increased in 2024 to $23,000—up $500 from $22,500 in 2023—for people under age 50.