401k Contribution Limits 2024 Catch Up Total Amount

401k Contribution Limits 2024 Catch Up Total Amount. Maximum salary deferral for workers: Personal contribution limits for 401 (k) plans increased in 2024 to $23,000—up $500 from $22,500 in 2023—for people under age 50.

According to the irs, for 2024 the 401k contribution limit is $23,000 (this an increase from the 2023 401k contribution limits of $22,500). Anyone age 50 or over is eligible for an additional.