401 K Maximum 2024 Catch Up . Especially those who have amassed a balance of at least $1 million. Savers will be able to contribute as much as $23,000 in 2024 to a 401 (k), up from $22,500 in 2023, an increase of $500 from 2023.
401k contribution limits and limits (annual guide), the internal revenue service (irs) raised the annual contribution limits for 2024 to $23,000, which amounts to a cost of living adjustment. Many employers offer a 401 (k) match, which is essentially free money added to your retirement savings.
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