2024 Maximum 401k Contribution Over Age 50 . For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. The annual employee contribution limit for 401 (k) retirement plans is increasing from $22,500 to $23,000 in 2024.
If you are over age 50, you can contribute an additional $7,500. That means a total of $30,500.
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