Irs 401k Limits Catch Up 2024

Irs 401k Limits Catch Up 2024. 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 2024 401 (k) individual contribution limit is $23,000, up from $22,500 in 2023.

For example, in 2023, individuals over. Adults 50 and older can contribute an additional $7,500 to their 401 (k) plans in 2024.