2024 401k Catch Up Contribution Limit Over 50

2024 401k Catch Up Contribution Limit Over 50. Here is an example of how a mega backdoor roth can help you save more and minimize future taxes: So, according to the contribution limits for a 401 (k), after age 50, you could contribute a.

Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401 (k), 403 (b) and 457 (b) plans increased from $22,500 to $23,000. For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024.