Irs 401k Catch Up Contribution Limits 2024. Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024. For 2024, the maximum you can contribute from your paycheck to a 401 (k) is $23,000.
The 401 (k) compensation limit is $345,000. In 2024, you’re able to contribute an additional $7,500 to a 401 (k) each year, so long as you’ve made your contributions by the end of the calendar year.