401k Contributions 2024 Catch Up. If you are 50 or older, you can defer paying income tax on $30,000 in your 401 (k) plan. The limit for overall contributions—including the employer match—is 100% of your compensation or $69,000,.

The irs annual limit for both a traditional ira and a roth ira contributions is. The 401(k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions.