Max 401k Contribution 2024 And Catch Up 2024

Max 401k Contribution 2024 And Catch Up 2024. As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a. 401(k) (other than a simple 401(k)).

For individual retirement accounts, or iras—both roth and traditional types—2024 contributions will max out at $7,000, up from $6,500 in 2023. Contribution limits for a roth 401(k) are the same as for a traditional 401(k).