2024 401k Max Contribution Limits . For those 50 or older, the limit is $30,500. The 2024 401(k) individual contribution limit is $23,000, up from $22,500 in 2023.
The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. A key difference between an ira and a 401(k) account is this:
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