What Is The 2024 Limit For 401k
What Is The 2024 Limit For 401k. The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and 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.
This limit includes all elective employee salary deferrals and any contributions. 401k standard contribution limit in 2024.