2024 401k Contribution Limit 50 Percent Increase. Changes in inflation affect the limits,. The ira catch‑up contribution limit for individuals aged 50 and older remains at $7,500 for 2024.


2024 401k Contribution Limit 50 Percent Increase

As of 2024, the irs’s 401(k) contribution limit has risen to $23,000. The 401 (k) contribution limit for 2023 is $22,500 for employee contributions and $66,000 for combined employee and employer contributions.

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