2024 401 K Contribution Limit Over 50. The 401 (k) contribution limit in 2024 is $23,000. For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.
Savers will be able to contribute as much as $23,000 in 2024 to a 401(k), up from $22,500 in 2023, an increase of $500 from 2023. In 2024, employers and employees together can contribute up to $69,000, up from a limit of $66,000 in 2023.
Employers Can Contribute To Employee.
Employer matches donโt count toward this limit.
This Amount Is An Increase Of.
This number only includes personal contributions โ employer matches.
2024 401 K Contribution Limit Over 50 Images References :
You Can Contribute To More Than One 401(K) Plan.
For 2024, the 401(k) annual contribution limit is $23,000, up from $22,500 in 2023.
The 2023 Individual 401 (K) Contribution Limit Is $22,500, Up $2,000 From 2022.