401k Contribution Limits 2024 Catch Up

401k Contribution Limits 2024 Catch Up. 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. This year the irs announced there will be an increase to the maximum employee 401 (k) contribution limit for 2024, increasing it to $23,000, a $500 increase.

In 2024, you’re able to contribute. 401(k) accounts have far bigger contribution limits.