401k Contribution Limits 2024 Catch Up Total Tax Liability

401k Contribution Limits 2024 Catch Up Total Tax Liability. Money you put into your 401k before taxes are taken out, in line with the limit on total contributions and catch‑up contribution limit for individuals 50 and older in. Those 50 and older can contribute an additional.

For 2024, the maximum you can contribute from your paycheck to a 401 (k) is $23,000. As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a.