401k Limits 2024 Over 50 Catch Up

401k Limits 2024 Over 50 Catch Up. The 401(k) contribution limit for 2024 is $23,000. As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a.

Contributions to 401 (k)s can be automatically deducted from your. If you are 50 or older, you can defer paying income tax on $30,000 in your 401 (k) plan.