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. Changes in inflation affect the limits,.

For 2024, the employee contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. If you are 50 years old or older, you can also contribute up to $7,500 in.