Max 401k Contribution 2024 Over 50 Catch Up

Max 401k Contribution 2024 Over 50 Catch Up. Workers ages 50 and older have a higher annual 401 (k) contribution limit than their younger peers. If you are 50 years old or older, you can also contribute up to $7,500 in.

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. Many employers offer 401 (k) retirement plans to their employees;