401 K Contribution Limits 2024 Over 50. — the contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you're 50 or older). Those 50 and older will be able to.
Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up to $23,000 in 2024, a $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.
