Irs 401k Catch Up Limits 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. The irs sets the maximum that you and your employer can contribute to your 401(k) each year.
For 2024, the limit is $23,000 for individuals under 50, with an additional catch. If you are 50 years old or older, you can also contribute up to $7,500 in.