Bess Marion

2024 Maximum 401k Contribution Limits Over 50. 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. The 401(k) contribution limit for 2025 is $23,500, up from $23,000 in 2024.

If you are 50 years old or older, you can also contribute up to $7,500 in. 2024 401 (k) elective deferral limit is $23,000, increasing to $23,500 in 2025.