2024 40k Limit. For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit will go up to. Employees age 50 and older can contribute an additional $7,500 for a total of $31,000.
Eligible taxpayers can contribute $23,000 to these accounts in 2024 (up from $22,500 last year). The maximum is $30,500 in 2024 or $31,000 in 2025 if you’re age.
