401k Limits 2024 50 Inch

401k Limits 2024 50 Inch. 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. 401(k), 403(b) and 457 elective deferral limit:

Employees age 50 or older are eligible to contribute an additional $1,000, for a total of $8,000. Still, employees 50 or older can contribute up to $30,500 in 2024.