2024 401k Contribution Limit Over 50. The irs announced today it will increase 401 (k) contribution limits to $23,500 (from $23,000 in 2024), the same increase as last year, while limits for employees over 50 remains. Participants who are 50+ can save an additional $7,500 in 2024 in.


2024 401k Contribution Limit Over 50

2025 contribution limit for 401(k) plans is $23,500, up from $23,000 in 2024. The total employee contribution limit to all 401(k) and 403(b) plans for those under 50 will be going up from $23,000 in 2024 to $23,500 in 2025.

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