2024 401k Catch Up Provision

Heath Koressa2024 2024 401k Catch Up Provision

2024 401k Catch Up Provision

2024 401k Catch Up Provision. Each year, the internal revenue service (irs) provides a limit on what an individual can contribute to a 401 (k) plan. This change will affect taxpayers who earn at least.


2024 401k Catch Up Provision

Those 50 and older can contribute an additional $7,500. The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023.

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