2024 401k Contribution Limits Catch Up Table

2024 401k Contribution Limits Catch Up Table. The limit on employer and employee contributions is $69,000. In 2024, employers and employees together can contribute up to $69,000, up from a limit of $66,000 in 2023.

This means that individuals in this age range can contribute $30,500 to their 401k plans in 2024. If you have a traditional 401 (k), your contributions will reduce your taxable income for the year.