Catch Up Contribution To 401k 2024

Catch Up Contribution To 401k 2024. In 2022, for people under 50 years old, this limit is $20,500, increasing to. For both private and public sector employees the deduction limit has been raised from 10% to 14%.

For both private and public sector employees the deduction limit has been raised from 10% to 14%. People younger than 50 may contribute up to $22,500 in 2023 and $23,000 in 2024.