What Is The Limit For 401k Contributions In 2024 Over 50

What Is The Limit For 401k Contributions In 2024 Over 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. Here's how the 401 (k) plan limits will change in 2024:


What Is The Limit For 401k Contributions In 2024 Over 50

For 2024, your personal contributions cannot exceed $23,000 or $30,500 if you are age 50 or older. The 2024 401 (k) contribution limit is $23,000, a $500 increase from 2023โ€™s limit.

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