401k Limits 2024 Catch Up Date

401k Limits 2024 Catch Up Date. The internal revenue service (irs) raised the annual contribution limits for 2024 to $23,000, which amounts to a cost of living adjustment and is an increase from $22,500 in 2023. Total 401(k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024.


401k Limits 2024 Catch Up Date

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. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.

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