401k Limit For 2024 Over 50 . Employees 50 or older can contribute up to $30,500 with catch. Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up.
The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. The annual employee contribution limit for 401 (k) retirement plans is increasing from $22,500 to $23,000 in 2024.
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