What Is Max 401k Contribution 2024 Over 50 . What happens if you go over the limit? For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.
If you participate in a 401 (k) retirement savings plan at work, your personal contribution limit in 2024 is $23,000. In 2024, the contribution limit for a roth 401 (k) is $23,000, plus an additional contribution of $7,500 if you are age 50 or older.
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Max 401k Contribution With Catch Up 2024 Alia Louise , Going over the 401 (k) contribution limit can lead to costly penalties.