401k Catch Up Contribution Limit 2024 Over 50
401k Catch Up Contribution Limit 2024 Over 50. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. In 2022, for people under 50 years old, this limit is $20,500, increasing to.
This means that your total 401(k) contribution limit for 2024 is $30,500. There are annual limits to how much you can contribute to your 401 (k).