Catch Up 401k Contribution 2024 Pdf. Withdrawals from your 401(k) or other defined contribution plans are taxed as ordinary income, and if taken before age 59½, may be subject to a. For 2024, you can defer up to $23,000 into 401 (k) plans, up from $22,500 in 2023, with an extra $7,500 for savers age 50 and older.

Plan sponsors will also need to consider the following if. Withdrawals from your 401(k) or other defined contribution plans are taxed as ordinary income, and if taken before age 59½, may be subject to a.