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