401 K Max For 2024. In 2024, the maximum allowable 401 (k) plan contribution is $23,000 for workers under 50. Discover the updated 401 (k) contribution limits for 2024.
The 2024 401 (k) contribution limit is $23,000 for people under 50, up from $22,500 in 2023. Retirement savers are eligible to put $500 more in a 401 (k) plan in 2024:
There Are Two Types Of 401 (K) Contributions:
Stay informed and plan your retirement savings effectively.
401 (K) Contribution Limits Are Increasing From $22,500 To $23,000 In 2024, And From $30,000 To $30,500 For Those Age 50 Or Older.
401(k) employee contribution limits increase in 2024 to $23,000 from $22,500 in 2023.
401 (K) Contribution Limits For 2024.
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Written By True Tamplin, Bsc, Cepf®.
Workers can now tuck away an extra $500 in 401 (k) plans in 2024, as the internal revenue service increased the annual savings limit to $23,000, up from $22,500 in 2023.
For 2024, The 401 (K) Annual Contribution Limit Is $23,000, Up From $22,500 In 2023.
401 (k) contribution limits are increasing from $22,500 to $23,000 in 2024, and from $30,000 to $30,500 for those age 50 or older.