2024 401k Max Contribution Limits Over 50
2024 401k Max Contribution Limits Over 50. The 401(k) contribution limits for 2023 sit at $22,500 for retirement savers under 50 and $30,000 for those 50 and over. 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. The base 2024 maximum 401k contribution limit for employees is $23,000 (+$500 versus 2023).