2024 Limits On 401k Contributions For Age 50

2024 Limits On 401k Contributions For Age 50. Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from 2023โ€™s $22,500 to $23,000 for 2024. The contribution limits for individual.


2024 Limits On 401k Contributions For Age 50

The 401(k) contribution limit for 2024 is $23,000 for individuals under the age of 50. The 401(k) contribution limits for 2023 sit at $22,500 for retirement savers under 50 and $30,000 for those 50 and over.

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