2024 401k Limits Catch Up Irs. So, if you were exercising this option in 2024, you'd only be able to roll over up to $7,000, which is the 2024 limit for people. The irs this week announced it was raising the 401 (k) contribution limit to $23,000, up from $22,500 currently.

The irs announced today it will increase 401(k) contribution limits to $23,500 (from $23,000 in 2024), the same increase as last year, while limits for employees over 50 remains. 401(k) limit increases to $23,500 for 2025.