2024 401k Limits And Catch Up Limits 2024. On nov., 1, 2023, the irs boosted annual contribution limits for 2024 for 401 (k), 403 (b), and most 457 plans. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.
Employees can contribute up to $22,500, up from $22,000 in 2023. Most people don’t max out.