Contribution limits for 401k, 403b and most 457 plans are increased to $23,000.
For people over 50 - catch-up contributions are additional $7,500, but there are changes in 2024:
401(k) Catch-up contribution changes
Starting in 2024, if you are 50 years old with earned income of at least $145,000 in the previous year, you can make catch up contributions. The change is, the extra contributions will be after-tax, as Roth.
So, there will be no tax deductions for the catch-up amount.
UPDATE 10/5/2023: Catch-up contribution as Roth only is now postponed till January 1, 2026.
Traditional IRA and Roth IRA: $7,000.
For people over 50 - catch-up contributions are additional $1,000.
HSA: $4,150 for single and $8,300 for family.
For people over 55 - catch-up contributions are additional $1,000.
