2024 401k Max Contribution Catch Up Date. Let’s say you happened to turn 50 on december 31, 2024. If you are 50 or older, you can defer paying income tax on $30,000 in your 401 (k) plan.
Workers ages 50 and older have a higher annual 401 (k) contribution limit than their younger peers. — the total employee contribution limit to all 401 (k) and 403 (b) plans for those under 50 will be going up from $22,500 in 2023 to $23,000 in 2024 (compare that to the $2,000 it increased from 2022 to 2023).
2024 401k Max Contribution Catch Up Date Images References :