2024 401k Contribution Limit Over 55. Those 50 and older will be able to. As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a.
For 2024, the contribution limit for an ira stands at $7,000 and $8,000 for people 50 and older. Those 50 and older can contribute an additional.
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