2024 Max 401k Deduction Over 55 . For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. Income thresholds for tax brackets will increase by approximately 5.4% for 2024.
Starting in 2024, employees can contribute up to $23,000 into their 401(k), 403(b), most 457 plans or the thrift savings plan for federal employees, the irs announced nov. The 401 (k) contribution limit for 2024 is $23,000.
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