Irs 401k Limits 2024 Catch Up Age. The irs limits how much employees and employers can contribute to a 401 (k) each year. The contribution limits for individual.

Those who are age 60, 61, 62, or 63 will soon be able to set. Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024.