2024 401k Contributions Catch Up Date

2024 401k Contributions Catch Up Date. Older workers can defer paying income tax on as much as $30,500 in a. 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.

You can contribute more to your 401(k) once you reach age 50. The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older.