401k 2024 Contribution Limit Irs Catch-up. The 401(k) contribution limit is $23,000. If you are 50 or older, you can defer paying income tax on $30,000 in your 401(k) plan.
The 2022 contribution limit for a simple ira or 401 (k), which are retirement plans designed for small businesses with 100 or fewer employees, is $14,000 ($15,500 for 2023). This amount is an increase of.