401k Contribution Limits 2024 Catch Up. The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. Contribution limits for a roth 401 (k) are the same as for a traditional 401 (k).

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. 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.