401 K Limits 2024 Over 50. 401 (k) contribution limits for 2024. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.
Employees can contribute up to $23,000 to their 401(k) plan for 2024 vs. Here is what you can expect to see next year.
The Limits May Change Yearly In Response To Inflation And Other Economic Factors.
The dollar limitation for catch.
Employees Will Be Able To Sock Away More Money Into Their 401 (K)S Next Year.
For 2024, the 401 (k) annual contribution limit is $23,000, up from $22,500 in 2023.
So, Older Workers Can Put A Maximum Of $30,500 Into A.
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In 2023, This Rises To $22,500.
Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal.
Retirement Savers Are Eligible To Put $500 More In A 401.
Some employers will offer a 401(k) match and the.
Workers 50 And Over Are Also Allowed To Kick In An Additional $7,500, Potentially Pushing The Total To $76,500.