401k Limit 2024 Catch Up Over 50 . It means that including the $16,000 individual contribution limit, you’re able contribute $19,500 to a simple ira in 2024. The 2024 contribution limit for 401(k) plans is $23,000, or $30,500 for those 50 and older.
This amount is up modestly from 2024, when the individual 401(k). So, if you were exercising this option in 2024, you’d only be able to roll over up to $7,000, which is the 2024 limit for people younger than 50.
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