2024 401k Contribution Limits 2024 Over 50 . Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from $22,500 in 2023 to $23,000 in 2024. Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year.
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. Workplace retirement plan contribution limits for 2024.
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