401k Catch Up Limit For 2024 Over 50. The irs has officially announced the 401k and ira contribution limits for the year 2024. Adults 50 and older may add an extra $7,500 to this limit in both 2023 and 2024, bringing their total contribution limit for the plan year to $30,000 (2023) or $30,500 (2024).


401k Catch Up Limit For 2024 Over 50

Employees 50 or older can contribute up to $30,500 with catch. In 2022, for people under 50 years old, this limit is.

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401k Catch Up Limit For 2024 Over 50