401k Limit 2024 50 Percent Increase

401k Limit 2024 50 Percent Increase. When pooled together, a worker who is 50 and older can save as much as. For 2025, the 401(k) limit for employee salary deferrals is $23,500, which is above the 2024 401(k) limit of $23,000.


401k Limit 2024 50 Percent Increase

The ira catch‑up contribution limit for individuals aged 50 and older remains. Savers will be able to contribute as much as $23,500 to a 401(k) in 2025, up from $23,000 in 2024.

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