Max 401k Contribution 2024 And Catch Up. 2024 401k contribution catch up limit aurea caressa, workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you're 50 or older).

The contribution limits for individual retirement accounts (iras) also increases from $6,500 to $7,000. The 401 (k) contribution limit is $23,000 in 2024.