What Is 2024 Maximum 401k Contribution Limit . You can contribute to more than one. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.
As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a. Those 50 and older can contribute an additional $7,500.
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