Irs 401k Catch Up 2024. The contribution limits for individual retirement accounts (iras) also increases from $6,500 to $7,000. Tom is a participant in.

Irs 401k catch up limits 2024 terra, in 2025, the irs has forecasted an increase in the 401 (k) elective deferral limit to $24,000, up by $1,000 from the current limit. According to the irs, for 2024 the 401k contribution limit is $23,000 (this an increase from the 2023 401k contribution limits of $22,500).