Maximum 401 K Contributions 2024 Over 50. Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year. Employees 50 or older can contribute up to $30,500 with catch.
The total maximum that can be tucked away in your 401(k) plan, including employer contributions and allocations of forfeiture, is $76,500 in 2024, or $7,500 more than the $69,000 maximum for. The 401(k) contribution boost for 2024 is lower.
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