2024 401k Contribution Limit Calculator Pdf

2024 401k Contribution Limit Calculator Pdf. For individuals under age 50, the maximum contribution to 401 (k), 403 (b), and 457 (b) plans increased to $23,000. For 2024, employees can defer up to $23,000 into 401(k) plans, up from $22,500 in 2023, with an extra $7,500 for workers age 50 and older.

In 2024, the contribution limit for a roth 401 (k) is $23,000, plus an additional contribution of $7,500 if you are age 50 or older. In 2024, the contribution limit for a roth ira is $7,000, plus.