Max 401k Catch Up Contribution For 2024

Max 401k Catch Up Contribution For 2024. For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024. Starting in 2024, employees can contribute up to $23,000 into their 401 (k), 403 (b), most 457 plans or the thrift savings plan for federal employees, the irs announced nov.

For 2024, the limit for 401(k) plan contributions is $23,000, up from $22,500 last year, according to the irs. That means an active participant 50 or older can.