401k 2024 Limits Over 50 . Those 50 and older will be able to. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you're 50 or older).
More people will be able to make contributions to roth. This year the irs announced there will be an increase to the maximum employee 401 (k) contribution limit for 2024, increasing it to $23,000, a $500 increase.
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