2024 401k Contribution Limits 2024 Catch Up . The elected amount is deducted from your. For 2024, the maximum you can contribute to a simple 401 (k) is $16,000.
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 increase. Total 401 (k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024.
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