Irs 401k Limit 2024 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 irs limits how much employees and employers can contribute to a 401 (k) each year.

401k 2024 contribution limit chart, simple ira contribution limits 2024 irs elisha chelsea, for 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are. 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.