2024 401k Maximum Contribution Limits Irs

2024 401k Maximum Contribution Limits Irs

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. Workplace retirement plan contribution limits for 2024.


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. The 2024 401 (k) contribution limit is $500 higher than this year’s $22,500 max, which reflected a major increase from the 2022 limit of $20,500.

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