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Maximum 401k Contribution 2024 Over 55
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Maximum 401k Contribution 2024 Over 55. The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older. This means that your total 401(k) contribution limit for 2024 is.
The total maximum allowable contribution to a defined contribution plan (including both employee and employer contributions) is expected to rise by $2,000. For 2024, the 401(k) annual contribution limit is $23,000, up from $22,500 in 2023.
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