401k Contribution Limits 2024 Over 50

401k Contribution Limits 2024 Over 50. Those 50 and older can contribute an additional $7,500. In the new year, you'll be able to contribute up to $23,000 to 401(k), 403(b), and most 457 plans, as well as the federal government's thrift savings plan if you're under the age.

But starting in 2025, workers aged 60 to 63 can boost. The amount individuals can contribute to their 401(k) plans in 2024 has increased to $23,000, up from $22,500 for 2023, the irs announced.