401k Contribution Limits 2024 Catch Up Total Amount

401k Contribution Limits 2024 Catch Up Total Amount. The irs has announced the 2024 contribution limits for retirement savings accounts, including contribution limits for 401(k), 403(b), and 457(b) plans, as well as income limits for ira. So, these taxpayers can still contribute an additional $7,500 in 2025 ($31,000 total).

For 2024 and 2025, you can contribute an additional $7,500 to traditional and roth 401 (k) accounts and $3,500 to a simple 401 (k). For 2025, the annual employee contribution limit for 401(k) plans is set to increase from $23,000 in 2024 to a record high of $23,500.