401k Contributions 2024 Catch Up Date

401k Contributions 2024 Catch Up Date. 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. From 2024 onward, if you're an employee with a 401 (k), 403 (b), or a government 457 (b) retirement plan and earned more than $145,000 the previous year,.

But starting in 2024, higher earners can only make 401. The 401(k) contribution limit for 2023 is $22,500 for employee contributions and $66,000 for combined employee and employer contributions.