401 K Contribution Limits 2024 Catch Up

401 K Contribution Limits 2024 Catch Up. This year the irs announced there will be an increase to the maximum employee 401 (k) contribution limit for 2024, increasing it to $23,000, a $500 increase from the 2023 tax season. The limit for employer and employee contributions combined is $69,000.


401 K Contribution Limits 2024 Catch Up

The limit on employer and employee contributions is $69,000. The contribution limits for individual retirement accounts (iras) also increases from $6,500 to $7,000.

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