Max 401k Contribution 2024 Over Age 50

Max 401k Contribution 2024 Over Age 50. For 2024, your personal contributions cannot exceed $23,000 or $30,500 if you are age 50 or older. Those 50 and older will be able to add another.

Contributions to 401 (k)s can be automatically deducted from your paycheck. Savers will be able to contribute as much as $23,000 in 2024 to a 401(k), up from $22,500 in 2023, an increase of $500 from 2023.