401 K Catch Up Contribution Limits 2024 Over 50

401 K Catch Up Contribution Limits 2024 Over 50. A key difference between an ira and a 401(k) account is this: Workers who contribute to a 401(k), 403(b), most 457 plans and the federal government's thrift savings plan can contribute up to $23,000 in 2024, a $500 increase from the $22,500 limit in.

Those 50 and older can contribute an additional. Savers will be able to contribute as much as $23,000 in 2024 to a 401 (k), up from $22,500 in 2023, an increase of $500 from 2023.