Carol Cristen

2024 Max 401k Contribution Catch Up 2024. 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. That limit also applies to 457, 403(b) and the federal government’s.

The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. For 2024, the 401 (k) limit for employee salary deferrals is $23,000, which is above the 2023 401 (k) limit of $22,500.