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. In 2023 and 2024, this limit is $7,500.
Employees can contribute up to $23,000 to their 401(k) plan for 2024 vs. Those 50 and older will be able to.
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