2024 Max Retirement Contribution Limits Over 50 . Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023โs $22,500 to $23,000 for 2024. Salary reduction contribution up to $16,000 ($19,500 if age 50 or over) 5.
Employees age 50 or older are eligible to contribute an additional $1,000, for a total of $8,000. For 2024, the total contributions you make each year to all of your traditional iras and roth iras can’t be more than:
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