401k Limit 2024 Age 50 . Individuals aged 50 and older are allowed to put more money into a 401(k) every year to help them make up for earlier years when they couldn't spare as much. Federal tax law already allows people 50 and older to make extra contributions, above the annual deferral limit, to a 401(k) or similar employer retirement plan.
Employees can contribute up to $23,500 to their 401(k) plan for 2025 vs. Catch up contributions for individuals aged 50 and over.
401k Limit 2024 Age 50 Images References :
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Roth 401k Limits For 2024 Over Age 50 Ronni Raeann , This means that your total 401(k) contribution limit for 2024 is $30,500.