2024 Maximum 401k Contribution Over Age 50
2024 Maximum 401k Contribution Over Age 50 . This means that your total 401(k) contribution limit for 2024 is. Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up to $23,000 in 2024, a $500 increase.
In 2023, the limits were $66,000, or $73,500 for people 50 and older. The annual employee contribution limit for 401 (k) retirement plans is increasing from $22,500 to $23,000 in 2024.
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