401k 2024 Contribution Limit Over 50 . Going over the 401 (k) contribution limit can lead to costly penalties. The 401 (k) compensation limit is $345,000.
This amount is up modestly from 2023, when the individual 401 (k) contribution limit. โ the basic employee contribution limit for 2024 is $23,000 ($22,500 for 2023).
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