401k Catch Up 2024 Limits Over 55. 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. Contributions to a traditional ira can reduce your adjusted gross income (agi), but roth ira contributions do not.
$6,500 in 2020, 2021 and 2022 ($6,000 in 2015. Adults 50 and older may add an extra $7,500 to this limit in both 2023 and 2024, bringing their total contribution limit for the plan year to $30,000 (2023) or $30,500 (2024).
401k Catch Up 2024 Limits Over 55 Images References :
