2024 401k Limits Contributions Over 50

2024 401k Limits Contributions Over 50. Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from $22,500 in 2023 to $23,000 in 2024. You can contribute to more than one 401.

The ira catch‑up contribution limit for individuals aged 50 and older remains. So, if you were exercising this option in 2024, you’d only be able to roll over up to $7,000, which is the 2024 limit for people.