2024 401k Catch Up Contribution Limits Married Filing Jointly. The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.
This means that your total 401(k) contribution limit for 2024 is. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you’re 50 or older).