Max 401k Contribution 2024 Over 50 Catch Up

Max 401k Contribution 2024 Over 50 Catch Up. In 2024, the 401(k) contribution limit for participants is increasing to $23,000, up from $22,500 in 2023. Employees can contribute up to $23,500 to their 401(k) plan for 2025 vs.

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. This means that your total 401(k) contribution limit for 2024 is $30,500.