401k Max 2024 Catch Up Over 50. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. In 2022, for people under 50 years old, this limit is.

Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401 (k), 403 (b) and 457 (b) plans increased from $22,500 to $23,000. There are annual limits to how much you can contribute to your 401 (k).