401k Contribution Limits 2024 Over 50 Over 60. The 401 (k) contribution limit for 2024 is $23,000 for individuals under the age of 50. In 2023, the limits were $66,000, or $73,500 for people 50 and older.


401k Contribution Limits 2024 Over 50 Over 60

Employees can contribute up to $23,000 to their 401 (k) plan for 2024 vs. For 2023, irs set the 401 (k) contribution limit to $22,500, reflecting an increase of $1,000 from 2022.

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