401k Contribution Limits 2024 Catch Up Total Increase. For calendar year 2024, the annual limitation on deductions under section223 (b) (2). The 401(k) contribution limit will increase to $23,000 in 2024, up from $22,500 in 2023.

401(k) (other than a simple. In 2024, employers and employees together can contribute up to $69,000, up from a limit of $66,000 in 2023.