Retirement plan contribution limits effective January 1, 2024, include:
401(k) Contributions
- Increased to $23,000
- Catch-up: stayed the same at $7,500
IRA Contributions
- Roth: increased to $7,000
- Traditional: increased to $7,000
- Catch-up: stayed the same at $1,000
Health savings accounts (HSAs)
- Increased to $4,150 for an individual
- Increased to $8,300 per family
- Catch-up: stayed the same at $1,000