401k Catch Up Contribution 2024

401k Catch Up Contribution 2024. 401(k) (other than a simple 401(k)). If you are 50 or older, you can defer paying income tax on $30,000 in your 401.

Employees can contribute up to $23,000 to their 401(k) plan for 2024 vs. For 2024, the maximum you can contribute from your paycheck to a 401 (k) is $23,000.