Irs 401k 2024 Maximum Limit

Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401 (k), 403 (b) and 457 (b) plans increased from $22,500 to $23,000. The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older.

This amount is up modestly from 2023, when the individual. Find out the irs limit on how much you and your employer can contribute to your 401(k) retirement savings account in 2023 and 2024.