401k Contribution Limits 2024 Catch Up Over 50

401k Contribution Limits 2024 Catch Up Over 50. The ira catch‑up contribution limit for individuals ages 50 and over is not subject to an annual cost‑of‑living adjustment and remains $1,000, the irs said. This means that your total 401(k) contribution limit for 2024 is $30,500.

This brings the total allowed contributions for older savers to $5,300 for individual coverage and. The total possible contribution allowed in a 401(k) plan is $34,750 for those aged 60 through 63 in 2025.