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Contribution Limits 2024 401k Over 50

Contribution Limits 2024 401k Over 50. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you're 50 or older). This means that your total 401(k) contribution limit for 2024 is.


Contribution Limits 2024 401k Over 50

Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401(k), 403(b) and 457(b) plans increased from $22,500 to $23,000. The 401 (k) compensation limit is $345,000.

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