401k Contribution Limits 2024 Age 55. This limit includes all elective employee salary deferrals and any contributions. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023โs $22,500 to $23,000 for 2024.
On november 1, 2023, the internal revenue service announced that the amount individuals can contribute to their 401 (k). The 401 (k) contribution limit for individuals has been increased to $23,000 for 2024.
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