2024 401k Contribution Limits 2024 Over 50

2024 401k Contribution Limits 2024 Over 50. For 2024, the 401(k) limit for employee salary deferrals is $23,000, which is above the 2023 401(k) limit of $22,500. Employees will be able to sock away more money into their 401 (k)s next year.


2024 401k Contribution Limits 2024 Over 50

The total of all employee and employer contributions per employer will increase from $66,000 in 2023 to $69,000 in 2024 for those under 50. Contributions to 401 (k)s can be automatically deducted from your paycheck.

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