2024 Maximum 401k Contribution Limits Over 50

2024 Maximum 401k Contribution Limits 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. The total employee contribution limit to all 401 (k) and 403 (b) plans for those under 50 will be going up from $22,500 in 2023 to $23,000 in 2024 (compare that.

The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older. The irs has just announced the new contribution and benefit limits for 2024 and—reflecting the moderating inflation readings, the increases are modest.