401k 2024 Catch Up Contribution Limit Irs

401k 2024 Catch Up Contribution Limit Irs. If you're age 50 or older, you're. All new limits will go into effect jan.

To incentivize adults nearing their retirement age to save additional money, the government allows those 50 and older to contribute a higher. In 2024, employers and employees together can contribute up to $69,000, up from a limit of $66,000 in 2023.