401k Contributions 2024 Limits Over 50. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you're 50 or older). Find out how much you can contribute to your 401 (k) or ira in 2024 and compare the tax advantages of each account.


401k Contributions 2024 Limits Over 50

This dollar amount is the same as in 2023. Best of all, the 2024 ira contribution limits ($7,000/$8,000 for those age 50 and over) are in addition to those of a 401(k).

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