2024 Limits On 401k Contributions For Age 50
2024 Limits On 401k Contributions For Age 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 401 (k) contribution limit for 2024 is $23,000.
If you’re 50 or older, you can stash an additional $7,500 in your 401 (k). For 2024, the 401 (k) limit for employee salary deferrals is $23,000, which is above the 2023 401 (k) limit of $22,500.