401k 2024 Catch Up Contribution Limit Irs

401k 2024 Catch Up Contribution Limit Irs. Adults 50 and older can contribute an additional $7,500 to their 401 (k) plans in 2024. The irc section 401 (a) (30) limit for 2018 is $18,500.

Workers who contribute to a 401(k), 403(b), most 457 plans and the federal government’s thrift savings plan can contribute. Adults 50 and older can contribute an additional $7,500 to their 401 (k) plans in 2024.