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Individuals over 50 at the end of the calendar year can make annual 401(k) catch-up contributions up to $7,500 for 2024. With the 401(k) contribution limit at $23,000 for 2024, eligible ...
The 401(k) contribution limit for 2024 is $23,000, and the catch-up contribution allows workers to add an additional $7,500 – for a grand total of $30,500 this year.
2024 401(k) Catch-up Limit: $7,500 Combining the standard contribution limit and the catch-up limit, you can save a total of $30,500. This is a significant percentage of the average worker’s salary.
The employer’s 401(k) maximum contribution limit is much more liberal. ... (Again, those aged 50 and older can also make an additional catch-up contribution of $7,500 in 2024 and 2023.) That ...
Catch-up contributions allow savers who are 50 and older make extra contributions to tax-advantaged retirement plans each year. These amounts adjust periodically. For 2024, an eligible saver can ...
Contribution limits to 401(k) plans in 2024 have increased to $23,000, up from $22,500 for 2023. Catch-up contributions for those age 50 and older will remain unchanged at $7,500.
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