2024 401k Catch Up Contribution Limits 2024 Over 60

2024 401k Catch Up Contribution Limits 2024 Over 60. Every year, by regulation, the irs revises how much you can contribute to your retirement plan that year. The $10,000 limit will start.

Those 50 and older can contribute an additional $7,500. The 2022 contribution limit for a simple ira or 401 (k), which are retirement plans designed for small businesses with 100 or fewer employees, is $14,000 ($15,500 for 2023).