2024 401k Limits And Catch Up Limits

2024 401k Limits And Catch Up Limits. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024. The limit on total employer and employee contributions for 2023 was $66,000 ($73,500 with.

The contribution limit for iras will be $7,000 in 2024, increasing from $6,500 in 2023. 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 from the $22,500 limit in.