401k Contribution Limits 2024 Catch Up Total Salary

401k Contribution Limits 2024 Catch Up Total Salary. This means that your total 401(k) contribution limit for 2024 is. Known as the 402 (g) limit in the internal revenue code (or irc), individuals can contribute up to $20,500 between their traditional and roth 401 (k) accounts in 2022.

The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. The contribution limits for individual retirement accounts (iras).