2024 Max 401k Contribution 50 Year Olds

2024 Max 401k Contribution 50 Year Olds. Those 50 and older will be able to add. The 401(k) contribution limit for 2023 is $22,500 for employee contributions and $66,000 for combined employee and employer contributions.

If you’re over the age of 50, you can contribute an additional $7,500. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401 (k), 403 (b) and 457 (b) plans increased from $22,500 to $23,000.