2024 401k Max Contribution Over 50

2024 401k Max Contribution Over 50. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023โ€™s $22,500 to $23,000 for 2024. If you are 50 or older, your personal contribution limit is.


2024 401k Max Contribution Over 50

Those 50 and older can contribute an additional $7,500. In 2024, both the traditional 401 (k) and roth 401 (k) have a contribution limit of $23,000, while simple 401 (k) has a limit of $16,000.

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