What Is 2024 401k Catch Up Contribution Limit
What Is 2024 401k Catch Up Contribution Limit. Employees can now defer up to $23,000 into 401 (k) plans for 2024, with an extra $7,500 for workers age 50 and older. The irs did not, however.
The 401(k) contribution limit for 2025 is $23,500, up from $23,000 in 2024. For 2024, the maximum you can contribute to a simple 401 (k) is $16,000.