401k 2024 Contribution Limit Over 50

401k 2024 Contribution Limit Over 50. This means that your total 401(k) contribution limit for 2024 is $30,500. The 401 (k) contribution limit for 2024 is $23,000.

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. The annual contributions limit for traditional iras and roth iras was $7,000 for 2024, rising from $6,500 for 2023.