2024 401k Catch Up Contribution Limits 2024

2024 401k Catch Up Contribution Limits 2024. Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024. The 401 (k) contribution boost for 2024 is.

For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. The irs has officially announced the 401k and ira contribution limits for the year 2024.