2024 Irs 401 K Contribution Limits Over 50

2024 Irs 401 K Contribution Limits Over 50. This limit includes all elective employee salary deferrals and any contributions. The contribution limit in 2024 for those aged 49 and below is $7,000.

Employees age 50 and older are subject to a higher contribution limit with either type of contribution. This limit includes all elective employee salary deferrals and any contributions.