Catch Up Amount For 401k 2024

Catch Up Amount For 401k 2024. The contribution limits for individual retirement accounts (iras) also increases from $6,500 to $7,000. Those 50 and older can contribute an additional $7,500.


Catch Up Amount For 401k 2024

The 401(k) contribution limit for 2023 is $22,500 for employee contributions and $66,000 for combined employee and employer contributions. Total 401(k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024.

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