401k Contribution Limit 2024 Catch Up Date . 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. 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 401(k) compensation limit is $345,000. The limit on employer and employee contributions is $69,000.
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What are the 401k Catchup contribution limits for 2024? Maximizing , 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.
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