2024 401k Catch Up Contribution Limit Uk

2024 401k Catch Up Contribution Limit Uk. If you are 50 or older, you can defer paying income tax on $30,000 in your 401. In 2023, this rises to $22,500.

Let’s say you happened to turn 50 on december 31, 2024. If you are 50 or older, you can defer paying income tax on $30,000 in your 401.