401k Contribution Limits 2024 Over 60. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024. Consider the limit for ira contributions for those 50 and older in 2024:


401k Contribution Limits 2024 Over 60

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. That means a total of $30,500.

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