The 401(k) contribution limits for 2024 are $23,000 for people under 50, and $30,500 for those 50 and older. Roth 401 (k) contribution limits are the same as the traditional 401 (k) limits of $23,000 in 2024, or $30,500 for those 50 and older.
The update forecasts a $1,000 boost to this year’s 401 (k) elective deferral limit of $23,000, which would bring the 2025 limit to $24,000. The 401 (k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions.
In 2023, The Limit Was $6,500.
But there’s another limit, $69,000, including.
The 401 (K) Contribution Limit For 2024 Is $23,000 For Employee Contributions, And $69,000 For The Combined Employee And Employer Contributions.
Roth 401 (k) contribution limits are the same as the traditional 401 (k) limits of $23,000 in 2024, or $30,500 for those 50 and older.
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For Those 50 And Older, The Total Contribution Limit Will Be $75,500.
401 (k) contribution limits for 2024.
Maximum Roth 401K Contribution 2024.
If you’re 50 or older, you can add another $1,000 for a total contribution of $7,500.
