What Is The Max 401k Contribution For 2024 Over 50

What Is The Max 401k Contribution For 2024 Over 50. This is an extra $500 over 2023. The maximum amount you can contribute to a roth 401 (k) for 2024 is $23,000 if you're younger than age 50.

The 401k contribution limits for the year 2025 are expected to see many increases in different plans including elective deferral limit to $24,000, defined contribution plan to. 10 announced a higher threshold for earnings subject to social security payroll taxes.