401k Catch Up Contribution Limit 2024 Over 50

401k Catch Up Contribution Limit 2024 Over 50. In 2024, employers and employees together can contribute up to $69,000, up from a limit of $66,000 in 2023. For 2023, the simple ira limit is $15,500.

For 2024, the maximum you can contribute from your paycheck to a 401 (k) is $23,000. If you are 50 or older, you can defer paying income tax on $30,000 in your 401.