Maximum 401k Contribution 2024 With Catch Up Payment

Maximum 401k Contribution 2024 With Catch Up Payment. In 2024, people under age 50 can contribute $23,000. In 2022, for people under 50 years old, this limit is $20,500, increasing to.


Maximum 401k Contribution 2024 With Catch Up Payment

If you are 50 or older, you can defer paying income tax on $30,000 in your 401 (k) plan. For 2024, the maximum you can contribute from your paycheck to a 401 (k) is $23,000.

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