2024 401k Contributions Catch Up Date. Older workers can defer paying income tax on as much as $30,500 in a. — the number of 401(k) holders whose balance topped $1 million was up 2.5% from q1, jumping from 485,000 to 497,000.
For 2024, the section 402(g) limit is $23,000 ($30,500, if the employee is eligible to make catch up contributions). Delaying ira contributions can result in an opportunity cost of over.