2024 401k Contribution Limits Catch Up 2024

2024 401k Contribution Limits Catch Up 2024. Next year, employees aged 60 to 63 will benefit from an even. Starting in 2024, employees can contribute up to $23,000 into their 401 (k), 403 (b), most 457 plans or the thrift savings plan for federal employees, the irs announced nov.

2025 contribution limit for 401(k) plans is $23,500, up from $23,000 in 2024. Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from $22,500 in 2023 to $23,000 in 2024.