2024 Max 401k Contribution Limits Over 55 . You can contribute to more than one 401(k) plan. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.
The irs limits how much employees and employers can contribute to a 401 (k) each year. If you participate in a 401 (k) retirement savings plan at work, your personal contribution limit in 2024 is $23,000.
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