401k Contribution Limits 2024 Catch Up Total Tax Liability. Each year, the internal revenue service (irs) provides a limit on what an individual can contribute to a 401 (k) plan. Starting in 2024, employees can contribute up to $23,000 into their 401 (k),.

The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. 401k contribution limits 2024 catch up total tax liability.according to a statement issued by the irs, starting in 2024, employees can contribute up to $23,000 into their 401.