401k 2024 Contribution Limit Irs Over 50. In 2024, the 401(k) contribution limit for participants is increasing to $23,000, up from $22,500 in 2023. In 2024, the typical limits for are $23,000 for 401(k)s, and for $7,000 for iras.


401k 2024 Contribution Limit Irs Over 50

The ira catch‑up contribution limit for individuals aged 50 and older remains at $7,500 for 2024. What happens if you go over the limit?

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