2024 401k Contribution Limit Over 55
2024 401k Contribution Limit Over 55 . Employees age 50 or older may contribute up to an additional $7,500 for a total of $30,500. — the 401 (k) contribution limit is the maximum amount an individual can contribute to their 401 (k) retirement account in a calendar year without facing tax.
— the 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. — the basic employee contribution limit for 2024 is $23,000 ($22,500 for 2023).
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