401k Max Contribution 2024 For People Over 50. For 2024, a 401 (k) participant filing single can contribute up to $23,000 (up from $22,500 in 2023). Much has changed over the past 50 years—most notably the eclipse of the defined benefit system (comprised of pension plans) by the defined contribution system (comprised of mainly of 401(k), 403.
For those 50 or older, the limit is $30,500. Next year, savers will have a chance to add an extra $500 to a 401(k).
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