401k Contribution Limits 2024 Over 50 Over 60

401k Contribution Limits 2024 Over 50 Over 60. The 2024 contribution limits allow you to save an extra $7,500 in your 401(k) if you're 50 or older. This amount is up modestly from 2023, when the individual 401(k) contribution limit.

If i have a 401(k), can i receive a saver’s tax credit?. For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.