2024 401k Contribution Limits 2024 Catch Up Over 50
2024 401k Contribution Limits 2024 Catch Up Over 50. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if. 401(k), 403(b), or eligible 457 plan:
In 2024, the irs raised the limit for annual ira contributions to $23,000 for people under 50 and $30,500 for those 50 and older, a $500 increase from 2023. 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.
