Catch Up 401k Limit 2024

Catch Up 401k Limit 2024. Starting in 2024, employees can contribute up to $23,000 into their 401 (k), 403 (b), most 457 plans or the thrift savings plan for federal employees, the irs announced nov. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50.

Workers ages 50 and older have a higher annual 401 (k) contribution limit than their younger peers. The contribution limit for employees who participate in 401(k), 403(b), and most 457 plans, as well as the federal.