Irs 401k Limit 2024 Over 50

Irs 401k Limit 2024 Over 50. What is the 401 (k) contribution limit in 2024? The 401 (k) contribution limit is $23,000.

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. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024.