401k Catch Up Contribution Limits 2024
401k Catch Up Contribution Limits 2024. Individuals aged 50 and older are allowed to put more money into a 401 (k) every year to help them make up for earlier years when they couldn't spare as much. This number only includes personal contributions —.
That’s a $500 jump from the $23,000 limit in 2024. In 2024, the maximum 401(k) contribution limit is $23,000 for people under the age of 50.