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2024 401k Contribution Limit Over 55. For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit will go up to. The 401 (k) contribution limit is the maximum amount an individual can contribute to their 401 (k) retirement account in a calendar year without facing tax penalties.
This means that your total 401(k) contribution limit for 2024 is $30,500. The 401(k) contribution limit for 2024 is $23,000.
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Category: 2024