401k Annual Limit 2024 Catch Up

401k Annual Limit 2024 Catch Up. Those 50 and older can contribute an additional $7,500. As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a.

For 2024, the maximum you can contribute to a simple 401 (k) is $16,000. The 2024 401 (k) individual contribution limit is $23,000, up from $22,500 in 2023.