401k 2024 Limits Catch Up Plan . In 2022, for people under 50 years old, this limit is. Understanding 401k contribution limits for 2024.
Specifically, individuals who are at least 50 years old and earning. 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.
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401k Contribution Limits 2024 Catch Up Over 50 Alvina Shaina , Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year.