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401k 2024 Limits Catch Up

401k 2024 Limits Catch Up

401k 2024 Limits Catch Up. If your plan qualifies, you may be able to contribute an additional 10%. In 2024, the irs allows you to contribute up to $23,000 to your 401(k) plan, up from $22,500 in 2023.


401k 2024 Limits Catch Up

If you’re age 50 or older, you get to benefit from higher contribution limits to help your retirement accounts catch up. 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.

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