2024 Irs 401 K Contribution Limits Catch Up

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2024 Irs 401 K Contribution Limits Catch Up

Individuals aged 50 and older can contribute an additional $7,500 to their traditional 401(k) accounts, bringing their total contribution limit to $30,500 The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023.


2024 Irs 401 K Contribution Limits Catch Up

You can contribute to more than one. This dollar amount is the same as in 2023.

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