What Is The 401k Limit For 2024 Irs Catch-Up

What Is The 401k Limit For 2024 Irs Catch-Up. The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older. The limit on total employer and employee contributions for 2023 was $66,000 ($73,500 with.

The limit for overall contributions—including the employer match—is 100%. 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.