2024 Maximum 401k Contribution With Catch Up Account

2024 Maximum 401k Contribution With Catch Up Account. Savers will be able to contribute as much as $23,000 in 2024 to a 401(k), up from $22,500 in 2023, an increase of $500 from 2023. Workers ages 50 and older have a higher annual 401 (k) contribution limit than their younger peers.

The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. For 2024, the maximum you can contribute from your paycheck to a 401 (k) is $23,000.