Maximum 401k Contribution 2024 Over 50

Maximum 401k Contribution 2024 Over 50. The ira catch‑up contribution limit for individuals aged 50 and older remains at $7,500 for 2024. Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year.

In 2022, the most you can contribute to a roth 401(k) and contribute in pretax contributions to a traditional 401(k) is $20,500. Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year.