401k Limits 2024 50 000

401k Limits 2024 50 000. “given your income and the amount you’re looking to set aside,” schamis says, “the differences in contribution limits between a roth ira and a 401(k) won’t come into play since. The 2024 limit on 401 (k) contributions is $23,000, or $30,500 for people 50 and older.

Savers will be able to contribute as much as $23,500 to a 401(k) in 2025, up from $23,000 in 2024. This dollar amount is the same as in 2023.