Milly Silvana

401k 2024 Contribution Limit Irs Catch-Up. Older workers can defer paying income tax on as much as $30,500 in a. For those with a 401 (k), 403 (b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024.

Under secure 2.0 , starting in 2024, if the taxpayer has income of at least $145,000 for the. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.