2024 401k Catch Up Provision

2024 401k Catch Up Provision. However, in august 2023, the irs. Every year, by regulation, the irs revises how much you can contribute to your retirement plan that year.

In 2022, for people under 50 years old, this limit is $20,500, increasing to. For 2024, the maximum you can contribute to a simple 401 (k) is $16,000.