2024 401k Limits Catch Up Irs

2024 401k Limits Catch Up Irs. 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 2024, the irs allows you to contribute up to $23,000 to your 401(k) plan, up from $22,500 in 2023.


2024 401k Limits Catch Up Irs

The irs this week announced it was raising the 401 (k) contribution limit to $23,000, up from $22,500 currently. For anyone 50 or older, you will be allowed to put away an additional $7,500 in.

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