401k Catch Up 2024 Contribution Limit Irs. Total 401(k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024. The limit on annual contributions to an ira increased to $7,000 (up from $6,500), and while the ira catch up contribution limit for individuals aged 50 and over.
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. For those 50 or older, the limit is $30,500.