August 15, 2024

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Catch Up 401k Contribution Limits 2024

Catch Up 401k Contribution Limits 2024. In 2022, the limit was $20,500, increasing to $22,500 in 2023. Contribution limits for health savings accounts (hsas) have also been announced.


Catch Up 401k Contribution Limits 2024

The internal revenue service (irs) raised the annual contribution limits for 2024 to $23,000, which amounts to a cost of living adjustment and is an increase from $22,500 in 2023. The 2024 catchโ€‘up contribution limit for individuals aged 50 and over will stay at $1,000, the same rate from 2023.

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