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. Those 50 and older will be able to.
As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a. This limit includes all elective employee salary deferrals and any contributions.
401k Contribution Limits 2024 Over 60 Images References :