Irs Max 401k Contribution 2024 Over 50

Irs Max 401k Contribution 2024 Over 50.  — for 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.  — the irs imposes maximum contribution limits to help ensure all employees' fair participation in 401 (k) plans.

Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401(k), 403(b) and 457(b) plans increased from $22,500 to $23,000. For 2024, the contribution limit increases again to $23,000.