401k Contribution Limits 2024 Catch Up Total Income

401k Contribution Limits 2024 Catch Up Total Income. For 2024, the 401 (k) annual contribution limit is $23,000, up from $22,500 in 2023. The 401 (k) contribution limit for individuals has been increased to $23,000 for 2024.

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. For those who are age 50 or over at any time.