401k Max Contribution 2024 Catch-Up. Note that your employer’s matching contributions don’t count toward the caps above. 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 $22,500 in 2023.
For individuals under 50, the standard 401 (k) contribution limit in 2024 23,000. Be sure to take advantage of your company’s matching program as well.