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Irs 401k Limits 2024 Over 50. The irs updated the 401(k) contribution limits for 2025 and now allows people between 60 and 63 to save an additional $15,000 over four years. In 2024, the limit was $69,000 ($76,500 for those 50 or older).

For 2024 and 2025, you can contribute an additional $7,500 to traditional and roth 401 (k) accounts and $3,500 to a simple 401 (k). 401(k) and 403(b) contribution limits increase.