2024 401k Contribution Limits Over 50

2024 401k Contribution Limits Over 50. The income ranges for determining eligibility to make deductible. Section 401(k) and 403(b) plan elective deferral limit (code section:

The internal revenue service is making some changes to how much you can contribute to your 401 (k) plans. Therefore, participants in those plans who are 50 and older generally can contribute up to $31,000 each year, starting in 2025.