Catch Up Amount For 401k 2024

Catch Up Amount For 401k 2024. The 401(k) contribution limit for 2023 is $22,500 for employee contributions and $66,000 for combined employee and employer contributions. If you're age 50 or.

According to the irs, for 2024 the 401k contribution limit is $23,000 (this an increase from the 2023 401k contribution limits. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024.

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