401k Contribution Limits 2024 Calculator With Catch Up

401k Contribution Limits 2024 Calculator With Catch Up. The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. The contribution limits for individual retirement accounts (iras).

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. Your annual 401(k) contribution is subject to maximum limits established by the irs.