2024 401k Contribution Limits Chart Over 50. Contribution limits for 401 (k)s, 403 (b)s, most 457 plans, thrift savings plans (tsps), and other qualified retirement plans rise were $23,000 for 2024, rising from $22,500. The irs sets the maximum that you and your employer can contribute to your 401 (k) each year.

The irs sets the maximum that you and your employer can contribute to your 401 (k) each year. This means that your total 401 (k) contribution limit for 2024 is $30,500.