Max 401k Contribution 2024 Over 60

Max 401k Contribution 2024 Over 60. Deferred compensation limits for workers ages 50 and older. In 2022, the most you can contribute to a roth 401(k) and contribute in pretax contributions to a traditional 401(k) is $20,500.

Therefore, if you are over 50, your total 401k contribution limit for 2024 is $23,000 + $7,500. In 2024, irs increases to max 401 (k) and ira contributions make it feasible to put more money in your savings.