Max 401k 2024 Contribution Over 50. The 401(k) contribution limit is $23,000. This amount is up modestly from 2023, when the individual 401(k) contribution limit was $22,500, or $30,000 for employees who were 50 or older.
Employees 50 or older can contribute up to $30,500 with catch. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.
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