What Is The 401k Contribution Limit For 2024 Over 50

What Is The 401k Contribution Limit For 2024 Over 50. Your ira contribution is capped at the lesser of 100% of your eligible compensation for the year and the contribution limit in. But if you are age 50 or older, you can take.

In 2024, the contribution limit for a roth 401(k) is $23,000, plus an additional contribution of $7,500 if you are age 50 or older. If you participate in a 401 (k) retirement savings plan at work, your personal contribution limit in 2024 is $23,000.