What are the 401(k) contribution limits for 2024? The 401(k) contribution limits for 2024 are $23,000 for people under 50, and $30,500 for those 50 and older.
Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024. Those who are 50 and over can contribute an additional $3,500 for a maximum.
So, If You Want To Max Out Your.
In 2023, this rises to $22,500.
What Are The 401(K) Contribution Limits For 2024?
The 401 (k) contribution limit is $23,000 in 2024.
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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.
This means that your total 401(k) contribution limit for 2024 is.
Employees Can Invest More Money Into 401(K) Plans In 2024, With Contribution Limits Increasing From 2023’S $22,500 To $23,000 For 2024.
For 2024, the 401(k) annual contribution limit is $23,000, up from $22,500 in 2023.