What Is The 401k Catch Up Limit For 2024 Tax Year. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.
The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older. For 2024, the maximum you can contribute from your paycheck to a 401 (k) is $23,000.