What is the 401(k) contribution limit for 2024?

Feed your brain. Fund your future. The 401 (k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions. If you're age 50 or older, you're eligible for an additional $7,500 in catch-up contributions, raising your employee contribution limit to $30,500.

What is the 401(k) catch-up contribution limit for 2024?

The catch-up contribution limit for employees aged 50 and over who participate in 401 (k), 403 (b), and most 457 plans, as well as the federal government's Thrift Savings Plan remains $7,500 for 2024.

How much can you contribute to a Roth 401(k) in 2024?

If you have both Roth and traditional 401 (k)s, you can contribute to both every year as long as the total contributions don't exceed the IRS limits for the year. That means between the two accounts, in 2024 you can contribute a combined max of $23,000 if you're under 50, or $30,500 if you're 50 or older.