2024 401k Contribution Limit Catch Up Date

2024 401k Contribution Limit Catch Up Date. The maximum contribution to a 401(k) plan is $23,000 in 2024 if you are younger than 50 years old. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you're 50 or older).

If you are 50 or older, you can defer paying income tax on $30,000 in your 401 (k). The limit for overall contributions—including the employer match—is 100% of your.