401 K Maximum 2024 Catch Up . Employees could contribute up to $22,500 to their 401(k) retirement savings plans for tax year 2023. Those 50 and older can contribute an additional $7,500.
In 2024, for example, if you’re enrolled in a workplace program like a 401(k), a 403(b) or an eligible 457 plan, you can save up to $23,000 for retirement. Specifically, individuals who are at least 50 years old and earning.
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