2024 401k Limits Catch Up Over 50

2024 401k Limits Catch Up Over 50. 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 contribute up to $23,000 to their 401(k) plan for 2024 vs.

Learn how to make the most of your 401k plan The ira catch‑up contribution limit for individuals ages 50 and over is not subject to an annual cost‑of‑living adjustment and remains $1,000, the irs said.