401k 2024 Limits Over 50. Employees age 50 or older are eligible to contribute an additional $1,000, for a total of $8,000. That limit also applies to 457, 403 (b) and the federal.

For 2024, the 401(k) limit for employee salary deferrals is $23,000, which is above the 2023 401(k) limit of $22,500. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401(k), 403(b) and 457(b) plans increased from $22,500 to $23,000.