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Over 50 401k Contribution Limits 2024

Over 50 401k Contribution Limits 2024. Starting in 2024, employees can contribute up to $23,000 into their 401 (k), 403 (b), most 457 plans or the thrift savings plan for federal employees, the irs announced nov. That’s a $500 jump from the $23,000 limit in 2024.


Over 50 401k Contribution Limits 2024

For 2024, individuals can contribute up to $23,000 to their 401 (k), 403 (b), most 457 plans, and the federal government’s thrift savings plan (tsp), an increase from last. The 401(k) contribution limits for 2023 sit at $22,500 for retirement savers under 50 and $30,000 for those 50 and over.

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