2024 Maximum 401k Contribution Limits Over 50

2024 Maximum 401k Contribution Limits Over 50. The 401(k) compensation limit is $345,000. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401 (k), 403 (b) and 457 (b) plans increased from $22,500 to $23,000.


2024 Maximum 401k Contribution Limits Over 50

In 2025, you can contribute up to $23,500 to your 401 (k) at work, or up to $31,000 if youโ€™re 50 or older. The irs has announced the 2025 contribution limits for 401 (k) and iras.

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