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2024 Irs 401 K Contribution Limits Over 50

2024 Irs 401 K Contribution Limits Over 50. Employees age 50 and older are subject to a higher contribution limit with either type of contribution. Starting in 2024, employees can contribute up to $23,000 into their 401(k), 403(b), most 457 plans or the thrift savings plan for federal employees,.


2024 Irs 401 K Contribution Limits Over 50

Total 401 (k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024. The 401(k) contribution limit for 2024 is $23,000.

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