2024 Maximum 401k Contribution Over Age 50

2024 Maximum 401k Contribution Over Age 50. For 2024, your personal contributions cannot exceed $23,000 or $30,500 if you are age 50 or older. The annual employee contribution limit for 401 (k) retirement plans is increasing from $22,500 to $23,000 in 2024.


2024 Maximum 401k Contribution Over Age 50

In 2023, this rises to $22,500. Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year.

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