401k Contributions 2024 Over 50 . Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from $22,500 in 2023 to $23,000 in 2024. 401 (k) contribution limits in 2023 and 2024.
The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older. Employees 50 or older can contribute up to $30,500 with catch.
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401k Contribution Limits 2024 Over 50 Karie Marleen , Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up to $23,000 in 2024, a $500 increase.
