401k Contributions 2024 Limits Over 55

401k Contributions 2024 Limits Over 55. 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) employee contribution limit for 2024 is $23,000.

Starting in 2024, employees can contribute up to $23,000 into their 401(k), 403(b), most 457 plans or the thrift savings plan for federal employees, the irs announced nov. 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.