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The IRS places contribution limits on 401(k)s: For 2024, the contribution limit is $23,000, with an additional $7,500 allowed in catch-up contributions for workers who are age 50 or older.
Contribution limits to 401(k) plans in 2024 have increased to $23,000, up from $22,500 for 2023. Catch-up contributions for those age 50 and older will remain unchanged at $7,500. The new ...
On top of these amounts, workers aged 50 and older can add up to $7,500 more annually as a catch-up contribution in 2025, the same amount as 2024. Starting in 2025, the catch-up contribution for ...
401(k) Contribution Limits in 2024. ... contribution limit is $23,000, which is up from $22,500 in 2023. Individuals aged 50 and over can contribute an additional $7,500 in catch-up contributions ...
Contribution limits for 401(k) and other workplace retirement plans rise for 2025. Sixty- to 63-year-olds get a super contribution for the first time. IRS raises 401(k) contribution limits, adds ...
For many workers in this category, the 401(k) limit remains unchanged from 2024 at $7,500. But thanks to the SECURE Act 2.0, those approaching the end of their career can now really supercharge ...