401 K Plan Contribution Limits 2024 Over 50

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401 K Plan Contribution Limits 2024 Over 50. The contribution limit will increase from $22,500 in 2023 to $23,000. Each year, the 401(k) contribution limits increase by a small amount.


401 K Plan Contribution Limits 2024 Over 50

Those 50 and older can contribute an additional $7,500. In 2024, it means setting aside $23,000 in savings, or $30,500 if you’re 50 or older.

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