401k Contribution 2024 Catch Up Over 55. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. The 401(k) contribution limit for 2023 is $22,500 for employee contributions and $66,000 for combined employee and employer contributions.

More people will be able to make contributions to roth. The 401(k) contribution limit for 2023 is $22,500 for employee contributions and $66,000 for combined employee and employer contributions.