2024 Catch Up Contribution 401k Table. Workers ages 50 and older can make an additional annual contribution to their 401(k) plan, over and above the standard. The irs limits how much employees and employers can contribute to a 401 (k) each year.

The standard mileage rate for business miles in 2024 goes up to 67 cents (from 65.5 cents in 2023) and the. The internal revenue service (irs) raised the annual contribution limits for 2024 to $23,000, which amounts to a cost of living adjustment and is an increase from $22,500 in 2023.