401k Limits 2024 Catch Up Date

401k Limits 2024 Catch Up Date. 401(k) (other than a simple 401(k)) 403(b) If you are 50 or older, you can defer paying income tax on $30,000 in your 401 (k) plan.

 — starting in 2024, employees can contribute up to $23,000 into their 401(k), 403(b), most 457 plans or the thrift savings plan for federal employees, the irs announced nov. Be sure to take advantage of your company’s matching program as well.