Catch Up 401k Limit 2024

Catch Up 401k Limit 2024. 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. The dollar limitation for catch.

Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up to $23,000 in 2024, a $500 increase from the $22,500 limit in 2023. This limit includes all elective employee salary deferrals and any contributions made to a designated roth account.