401k 2024 Catch Up Limits Over 50

401k 2024 Catch Up Limits Over 50. 401k limits 2024 over 50 catch up alysa bertina, the combined annual contribution limit for roth and traditional iras for the 2024 tax year is $7,000, or $8,000 if you're age 50 or older. If you are 50 or older, you can defer paying income tax on $30,000 in your 401 (k).

 — employees can contribute up to $23,000 to their 401 (k) plan for 2024 vs. This can help bridge any gaps in your savings and.