Irs Limit For 401k 2024 Catch Up

Irs Limit For 401k 2024 Catch Up. If you are age 50 or older by the end of the year, your individual limit is increased by $7,500 in 2023 and 2024; Employees may only contribute up to $22,500 in 2023 and $23,000 in 2024.


Irs Limit For 401k 2024 Catch Up

In 2024, you’re able to contribute an additional $7,500 to a 401 (k) each year, so long as you’ve made your contributions by the end of the calendar year. $6,500 in 2020, 2021 and 2022 ($6,000 in 2015.

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