401k Maximum Contribution 2024 Plus Catch Up Calculator
401k Maximum Contribution 2024 Plus Catch Up Calculator. This is the percentage of your annual salary you contribute to your 401 (k) plan each year. Here's how the 401 (k) plan limits will change in 2024:
Those 50 and older can contribute an additional $7,500. The 2024 maximum 401k contribution limit will be $23,000, which is a an increase of $500 over the 2023 maximum 401k contribution limit of $22,500 (which had increased a record high $2,000 over the prior year).
