Trish Henrieta

401k 2024 Contribution Limit Irs After Tax. For tax year 2025, employees can contribute up to $23,500. Employees could contribute up to $23,000 to their 401(k) retirement savings plans for tax year 2024.

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. Americans who are age 50 or older can add an additional $7,500 to their total 401(k) contributions.