401k Catch Up Contribution Limit 2024 Over 50 . — people younger than 50 may contribute up to $22,500 in 2023 and $23,000 in 2024 to their 401(k)s. — the contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you’re 50 or older).
The agency also boosted the contribution maximums for iras and lifted the limit to $7,000 for 2024, up from $6,500 in 2022. — total 401(k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024.
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What Is The 401k 2024 Limit For Over 50 Ynez Analise , — the 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older.