The 401(k) contribution limits for 2024 are $23,000 for people under 50, and $30,500 for those 50 and older. In 2024, you can contribute $23,000 to your 401 (k), and an additional $7,500 if you are age 50 or older.
This means that your total 401 (k) contribution limit for 2024 is $30,500. Workplace retirement plan contribution limits for 2024.
Trying To Max Out On Annual Limits Should Be Top Of Mind.
The 2024 401(k) individual contribution limit is $23,000, up from $22,500 in 2023.
The Current Annual Individual Contribution Limit For A 401(K).
The contribution limit for 401(k)s, 403(b)s, most 457 plans and the federal government’s thrift savings plan is $23,000 for 2024, up from $22,500 in 2023.
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The Current Annual Individual Contribution Limit For A 401(K).
In 2024, the 401 (k) contribution limit for participants is increasing to $23,000, up from $22,500 in 2023.
This Year, Defined Contribution Plans Got A Historic Contribution Limit Boost—The Largest Increase Ever In Terms Of Dollars And Percentage, Just Under An Unprecedented 10%.
The 401 (k) contribution limit is $23,000 in 2024.