2024 401k Max Limit Over 50

2024 401k Max Limit Over 50. The irs increased 2024 contribution limits for 401. 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.

That means a total of $30,500. For 2024, the 401(k) limit for employee salary deferrals is $23,000, which is above the 2023 401(k) limit of $22,500.