401k Limit 2024 Catch Up Over 50

401k Limit 2024 Catch Up Over 50. Let’s say you happened to turn 50 on december 31, 2024. The irs has officially announced the 401k and ira contribution limits for the year 2024.

There are annual limits to how much you can contribute to your 401 (k). So, according to the contribution limits for a 401 (k), after age 50, you could contribute a total of $30,500 to a 401 (k) each year.