401k Catch Up 2024 Roth And Traditional

401k Catch Up 2024 Roth And Traditional. Employees 50 or older can. For 2024, the maximum you can contribute from your paycheck to a 401 (k) is $23,000.

If you have both roth and traditional 401(k)s, you can contribute to both every year as long as the total contributions don’t exceed the irs limits for the year. This means you will not get the tax benefit.