Irs 401k Catch Up Limits 2024. When pooled together, a worker who is 50 and older can save as much as $30,500 in a 401 (k) plan — even if the individual doesn’t turn 50 until dec. The irs has announced the 2024 contribution limits for retirement savings accounts, including contribution limits for 401 (k), 403 (b), and 457 (b) plans, as well as income limits for ira contribution deductibility.
Learn more about 401 (k) limits. Additionally, the total contribution limit for defined contribution plans is expected to rise to $71,000, a $2,000 increase from this year.