401k 2024 Contribution Catch Up Limit Irs

401k 2024 Contribution Catch Up Limit Irs. Workers who contribute to a 401(k), 403(b), most 457 plans and the federal government's thrift savings plan can contribute up to $23,000 in 2024, a $500 increase. The limit on total employer and employee contributions for 2023.

For 2024, the maximum you can contribute to a simple 401 (k) is $16,000. The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023.