2024 Max 401k Contribution 50 Year Olds College

2024 Max 401k Contribution 50 Year Olds College. For 2023, the maximum contribution amounts were $22,500 and. The internal revenue service (irs) raised the annual contribution limits for 2024 to $23,000, which amounts to a cost of living adjustment and is an increase from $22,500.

Here are the 2024 401k contribution limits. If you are 50 or older, you can add up to $7,500 extra per year from $6,500.