Max 401k Contribution 2024 Over 50 Years Old . Beginning in 2024, workers will be allowed to contribute up to $23,000 to their 401 (k), an increase of $500 from this year. If you are 50 or older, you can add up to $7,500 extra per year from $6,500.
This is up from $22,500 in 2023 and $19,500 in 2020. ($8,000 if account owner is over age 50) deferred until withdrawal :
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