2024 401k Contributions Catch Up. In 2022, for people under 50 years old, this limit is $20,500, increasing to $22,500. Starting in 2024, employees can contribute up to $23,000 into their 401 (k), 403 (b), most 457 plans or the thrift savings plan for federal employees, the irs announced nov.
If your company offers a 100% match on the first 6% of your wages. In 2024, for example, if you’re enrolled in a workplace.