401k Limits For 2024 Over Age 50

401k Limits For 2024 Over Age 50. You'd then be able to. This amount is an increase of $500.

Savers will be able to contribute as much as $23,000 in 2024 to a 401(k), up from $22,500 in 2023, an increase of $500 from 2023. If you are age 50 or older by the end of the year, your individual limit is increased by $7,500 in 2023 and 2024;