2024 401k Max Catch Up

2024 401k Max Catch Up. Workers ages 50 and older have a higher annual 401 (k) contribution limit than their younger peers. The internal revenue service (irs) raised the annual contribution limits for 2024 to $23,000, which amounts to.

The internal revenue service (irs) raised the annual contribution limits for 2024 to $23,000, which amounts to. If you are 50 or older, you can defer paying income tax on $30,000 in your 401.