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The catch-up contribution limit for employees aged 50 and over who participate in 401 (k), 403 (b), and most 457 plans, as well as the federal government's Thrift Savings Plan remains $7,500 for 2024.
The 401(k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions. If you're age 50 or older, you're eligible for an additional $7,500 in catch-up contributions, raising your employee contribution limit to $30,500.
The 401(k) contribution limit is $23,000. The 401(k) catch-up contribution limit is $7,500 for those 50 and older. The limit on employer and employee contributions is $69,000.
For 2024, individuals can contribute up to $23,000 to their 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan (TSP), an increase from last year’s limit of $22,500. Those aged 50 and older, who are eligible for “catch-up contributions,” can contribute an additional $7,500, bringing their total contribution ...
Employees can contribute up to $23,500 to their 401 (k) plan for 2025 vs. $23,000 for 2024. Anyone age 50 or over is eligible for an additional catch-up contribution of $7,500 for both 2024 and...
Starting in 2025, the catch-up contribution for workers aged 60, 61, 62 or 63 is $11,250. The 401 (k) contribution limits also apply to other so-called “defined contribution plans,” including...
As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a pre-tax basis. However, for 2024,...
For those with a 401 (k), 403 (b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024. This amount is an increase of $500 from the 2023 401...
Catch-up contributions will hold steady at a maximum of $1,000. IRA contribution limits 2023 & 2024. IRS. The income levels used to determine eligibility for IRA contribution deductions and for...
The catch-up contribution limit for employees ages 50 and older who participate in 401 (k), 403 (b), most 457 plans, and the federal government's Thrift Savings Plan will remain at $7,500, the...