401k 2024 Limits . For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. Each year, the irs places limits on the maximum amount participants can contribute to their 401 (k) plans.
The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older. The irs also imposes a limit on all 401 (k) contributions made during the year.
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