2024 401k Limits Over 55. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you're 50 or older). Contributions to 401 (k)s can be automatically deducted from your.
Those 50 and older will be able to. The 2024 contribution limit for 401 (k) plans is $23,000, up from $22,500 in 2023.
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