2024 Max 401k Contribution Limits Over 50. Therefore, if you are over 50, your total 401k contribution limit for 2024 is $23,000 + $7,500. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401(k), 403(b) and 457(b) plans increased from $22,500 to $23,000.
The 401(k) and ira contribution limits for 2024 have increased, allowing individuals more opportunities to boost their retirement savings, particularly those aged 50 or older. For 2025, the 401(k) limit for employee salary deferrals is $23,500, which is above the 2024 401(k) limit of $23,000.
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