401k Limit 2024 Over 50. Workplace retirement plan contribution limits for 2024. The irs announced friday an increase to the annual individual contribution limit for 401(k) plans to $23,500 for 2025.;
Employees age 50 and older are subject to a higher contribution limit with either type of contribution. The most savings allowed in a 401(k) is $31,000 in 2025 for other employees aged 50 through 59, and then 64 and older.
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