401k Contribution Limits 2024 Catch Up Total Taxable

401k Contribution Limits 2024 Catch Up Total Taxable. The increase applies to other retirement savings. Beginning in 2024, workers will be allowed to contribute up to $23,000 to their 401 (k), an increase of $500 from this year.

For individuals under 50, the standard 401(k) contribution limit in 2024 23,000. Individuals can contribute up to $23,000 total into their traditional or roth 401(k) plans in 2024, no matter how high their income is that year.