Ira Limits 2024 Catch Up Contribution. 401 (k) contribution limits for 2024. In 2024, you’re able to contribute an additional $7,500 to a 401 (k) each year, so long as you’ve made your contributions by the end of the calendar year.

Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up to $23,000 in 2024, a $500. And 457(b) plans, as well as income limits for ira contribution deductibility.