2024 Contribution Limits Chart Over 50

2024 Contribution Limits Chart Over 50. 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. 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.

Employees can contribute up to $23,000 to their 401(k) plan for 2024 vs. The limit on employer and employee contributions is $69,000.