401k Contribution Limit 2024 Catch Up Over 60. Employees can now defer up to $23,000 into 401 (k) plans for 2024, with an extra $7,500 for workers age 50 and older. For those feds between 50 and 59 years old, however, the catch up contribution to the tsp will not increase.
Starting in 2025, if you’re 60 to 63, you will get a higher contribution limit than people in their. For 2024, the maximum you can contribute to a simple 401 (k) is $16,000.