401 K Contribution Limits 2024 Over 50. Employees age 50 or older may contribute up to an additional $7,500. The 401(k) contribution boost for.


401 K Contribution Limits 2024 Over 50

This means that your total 401(k) contribution limit for 2024 is $30,500. 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.

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