Cary Marthe

401k Contribution Limits 2024 Over 50. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a.

For 2024, the 401 (k) limit for employee salary deferrals is $23,000, which is above the 2023 401 (k) limit of $22,500. For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.