Max 401k Contribution 2024 Over 50 Years Old

Max 401k Contribution 2024 Over 50 Years Old. 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. In 2024, employers and employees together can.

In 2024, the contribution limit for a roth 401 (k) is $23,000, plus an additional contribution of $7,500 if you are age 50 or older. If you are 50 or older, your personal contribution limit is $30,500—the catchup contribution remains at $1,000, same as last year.