2024 401k Contribution Limits 2024 Catch Up. 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. This section permits you to contribute up to 10% of your basic pay to.
If you’re trying to catch up on retirement savings, the high contribution limits make it possible. The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023.