2024 401k Contribution Limits Over 50

2024 401k Contribution Limits Over 50. The income thresholds to be eligible.  — for 2024, the contribution limit for an ira stands at $7,000 and $8,000 for people 50 and older.

 — the contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you’re 50 or older).  — as of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a.