2024 Catch Up Contribution 401k Limit. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. 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.
The dollar limitation for catch. Employees can contribute up to $23,000 to their 401 (k) plan for 2024 vs.