401k Contribution Limits 2024 Age 50

401k Contribution Limits 2024 Age 50. The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older. Traditional ira contribution limits change each year, but the rules for 2024 are:

For 2024, employees can defer up to $23,000 into 401 (k) plans, up from $22,500 in 2023, with an extra $7,500 for workers age 50 and older. The 401(k) contribution limit for 2024 is $23,000.