2024 401k Catch Up Contributions

2024 401k Catch Up Contributions. The maximum amount that an employee under the age of 50 can contribute to a 401(k) is $22,500 for 2023 and $23,000 for 2024. In 2024, those age 50 and older are able to contribute an added $7,500 to a 403 (b) or 457 (b).

Under secure 2.0, if you are at least 50 years old and earned $145,000 or more in the previous year, you can make. Employees 50 or older can contribute up to $30,500 with catch.