2024 401k Contribution Limit 50+. The roth 401(k) contribution limit for 2024 is increasing, and workers who are 50 and older can save even more. 401(k) contribution limits for 2023 and 2024.
If you withdraw money from your 401(k) before age 59ยฝ, you might be subject to a 10% penalty and income taxes. Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from $22,500 in 2023 to $23,000 in 2024.
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