401k Contributions 2024 Catch Up Table. The 2024 contribution limit for 401 (k) plans is $23,000, up from $22,500 in 2023. In 2022, for people under 50 years old, this.
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 internal revenue service (irs) raised the annual contribution limits for 2024 to $23,000, which amounts to a cost of living adjustment and is an increase from $22,500 in 2023.
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