2024 401k Contribution Limits Over 55 . In 2024, the combined contribution limit is increasing to $69,000, up from $66,000 in 2023. For 2025, the 401(k) limit for employee salary deferrals is $23,500, which is above the 2024 401(k) limit of $23,000.
First, what are contribution limits? In 2024, the combined contribution limit is increasing to $69,000, up from $66,000 in 2023.
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401k Limits For 2024 Over Age 55 Kandy Mariska , The contribution limit for employees who participate in 401k, 403b, and most 457 plans, as well as the federal government's thrift savings plan is increased to $23,000, up from $22,500.
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