401k Contribution Limits 2024 Over 50 Over 60 . For those with a 401 (k), 403 (b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024. The total of all employee and employer contributions per employer will increase from $69,000 in 2024 to $70,000 in 2025 for those under 50.
This amount is an increase of $500 from the 2023 401 (k). For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.
401k Contribution Limits 2024 Over 50 Over 60 Images References :
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401(k) Contribution Limits in 2024 Guideline , If you participate in a 401 (k) retirement savings plan at work, your personal contribution limit in 2024 is $23,000.