401k Irs Limit 2024 Over 50

401k Irs Limit 2024 Over 50. Irs 401k 2025 contribution limit the irs sets various limits for retirement plans, including 401(k)s. 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.


401k Irs Limit 2024 Over 50

Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023โ€™s $22,500 to $23,000 for 2024.

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