Maximum 401k Contribution 2024 Per Person 2024
Maximum 401k Contribution 2024 Per Person 2024 . The 2024 401(k) contribution limit is $500 higher than this year’s $22,500 max, which reflected a major increase from the 2022 limit of $20,500. Workplace retirement plan contribution limits for 2024.
For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. For individual retirement accounts, or iras—both roth and traditional types—2024 contributions will max out at $7,000, up from $6,500 in 2023.
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