2024 401k Maximum Contribution Limits Irs. The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401 (k), 403 (b) and 457 (b) plans increased from.
Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal governmentโs thrift savings plan can contribute up to $23,000 in 2024, a $500 increase. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.
2024 401k Maximum Contribution Limits Irs Images References :