What Is The 401k Catch Up Limit For 2024

What Is The 401k Catch Up Limit For 2024. As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a. In 2022, for people under 50 years old, this limit is.

For 2024, the limit for 401 (k) plan contributions is $23,000, up from $22,500 last year, according to the irs. There are annual limits to how much you can contribute to your 401 (k).