2024 401k Contribution Limits Over 55

2024 401k Contribution Limits Over 55. There's also a $7,500 catch. 2025 is almost here, and so are the internal revenue service’s (irs) new contribution limits for retirement accounts, health savings accounts, flexible savings accounts, and.

The limit on total employer and employee contributions for 2025 is $70,000 ($77,500. The maximum allowable contribution for workers under 50 is rising by $500 to $23,500.