401k Maximum Contribution 2024 Over 50. The ira catch‑up contribution limit for individuals aged 50 and older remains at $7,500 for 2024. The total maximum allowable contribution to a defined contribution plan (including both employee and employer contributions) is expected to rise by $2,000.
The 401 (k) contribution limit for 2024 is $23,000. Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up.
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