401k 2024 Catch Up Contribution Limit Irs. The new contribution limit for 401 (k)s and other workplace retirement plans in 2025 will be $23,500, up from $23,000 currently, the internal revenue service said friday. For 2024, the maximum you can contribute to a simple 401 (k) is $16,000.
The 401(k) contribution limit for 2023 is $22,500 for employee contributions and $66,000 for combined employee and employer contributions. If you’re age 50 or older, you’re eligible for an.
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