401k Contribution Limits 2024 Catch Up Total Today

401k Contribution Limits 2024 Catch Up Total Today. The limit for overall contributions—including the employer match—is 100%. For 2024, employees can defer up to $23,000 into 401 (k) plans, up from $22,500 in 2023, with an extra $7,500 for workers age 50 and older.

If you are 50 or older, you can defer paying income tax on $30,000 in your 401. For 2024, the 401 (k) annual contribution limit is $23,000, up from $22,500 in 2023.