401k 2024 Contribution Catch Up Limit Irs

401k 2024 Contribution Catch Up Limit Irs. Starting in 2024, employees can contribute up to $23,000 into their 401(k), 403(b), most 457 plans or the thrift savings plan for federal employees, the irs. Those 50 and older can contribute an additional.

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. In 2024, employers and employees together can contribute up to $69,000, up from a limit of.