401k Contribution Limits 2024 Catch Up Over 50

401k Contribution Limits 2024 Catch Up Over 50. In 2024, the maximum 401(k) contribution limit is $23,000 for people under the age of 50. In addition, workers under 50 can contribute up to $16,000 to a simple ira for the 2024 tax year.


401k Contribution Limits 2024 Catch Up Over 50

The total possible contribution allowed in a 401(k) plan is $34,750 for those aged 60 through 63 in 2025. That means a total of $30,500 can be contributed.

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