401k Contribution Limits 2024 Over 50. In 2024, individuals under age 50 can contribute up to $23,000 to traditional and roth 401 (k) plans. 401(k) contribution limits for 2024.
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.
The 401 (k) contribution limit for 2024 is $23,000.
The contribution limit for 2023 is $6,500 and $7,500 for people 50.
Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401(k), 403(b) and 457(b) plans increased from $22,500 to $23,000.
For 2024, the contribution limit for an ira stands at $7,000 and $8,000 for people 50 and older.
