Here are the 2022 401k contribution limits. Savers will be able to contribute as much as $23,000 in 2024 to a 401(k), up from $22,500 in 2023, an increase of $500 from 2023.
Be sure to take advantage. In 2024, the 401 (k) contribution limit for participants is increasing to.
Employees Over Age 50 Can Put Aside An Extra $7,500.
Your total annual contributions — including those made by your employer — cannot exceed 100% of your compensation or $66,000 if you're under 50 in 2023 ($73,500 if you're over 50).
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.
Be sure to take advantage of your company’s matching program as well.
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With This In Mind, Participants Who Are Aged 50 And Older Can Contribute.
Employees over age 50 can put aside an extra $7,500.
