2024 401k Contribution Limits Irs

2024 401k Contribution Limits Irs. For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 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.

There are limits to how much employers and employees can contribute to a plan (or ira) each year. Roth 401 (k) contribution limits.