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2024 401k Contribution Limits Over 55

2024 401k Contribution Limits Over 55. The contribution limit will increase from $22,500 in 2023 to $23,000. The contribution limits for individual retirement accounts (iras) also increases from $6,500 to $7,000.


2024 401k Contribution Limits Over 55

Those 50 and older can contribute an additional $7,500. This marks a $500 increase from the 2023 limit of $22,500.

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