2024 401k Contribution Limit Over 50. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. The ira catch‑up contribution limit for individuals aged 50.
If you are 50 or older, your personal contribution limit is $30,500—the catchup contribution remains at $1,000, same as last year. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.
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