401k Limit 2024 Irs

401k Limit 2024 Irs. In 2024, the contribution limits are $23,000, or $30,500 for those age 50 or older. The 2024 ira contribution limit is $7,000, up from $6,500 in 2023.


401k Limit 2024 Irs

For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. 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.

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