2024

2024 401k Contribution Limits 2024 Over 55

2024 401k Contribution Limits 2024 Over 55. In 2023, the limits were $66,000, or $73,500 for people 50 and older. This amount is up modestly from 2024, when the individual 401(k) contribution limit was $23,000, or $30,500 for employees who were 50 or older.


2024 401k Contribution Limits 2024 Over 55

On november 1, 2023, the internal revenue service announced that the amount individuals can contribute to their 401(k) plans in. 401k and retirement plan limits for the tax year 2024.

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