401k Plan Limit 2024 Age 50 Or More. The irs sets a limit on how much can be put into a 401(k) plan every year, also known as an annual contribution limit. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.

In 2024, people under age 50 can contribute. In 2024, employees can contribute up to $23,000 to their plans.

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