401k 2024 Maximum Contribution Over 50
401k 2024 Maximum Contribution Over 50 . What happens if you go over the limit? The annual elective deferral limit for 401(k) plan employee contributions is increased to $23,000 in 2024.
The maximum amount you can contribute to a 401(k), traditional or roth, in 2024 is $23,000, or $30,500 if you are 50 or older. In 2023, you can contribute up to $22,500, or.
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2024 401k contribution limits Inflation Protection , So, for those individuals, the total 401(k) contribution cap is $30,500.
