2024 401k Limits Over 50 . Here's how the 401(k) plan limits will change in 2024: The basic employee contribution limit for 2024 is $23,000 ($22,500 for 2023).
The ira catch‑up contribution limit for individuals aged 50. This year the irs announced there will be an increase to the maximum employee 401 (k) contribution limit for 2024, increasing it to $23,000, a $500 increase.
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