401k Max Contribution 2024 Over 50 . In 2024, employers and employees together can contribute up to $69,000, up from a limit of $66,000 in 2023. The 401(k) contribution limits in 2024 have increased for employees to $23,000.
You might have to pay a 10% penalty on the excess contributions. What happens if you go over the limit?
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What’s the Maximum 401k Contribution Limit in 2022? MintLife Blog , Employees 50 or older can contribute up to $30,500 with catch.
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2024 401k Max Limit Ebonee Danielle , Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government's thrift savings plan can contribute up to $23,000 in 2024, a $500 increase.