Max 401k Contribution 2024 With Catch-Up Upcoming Year

Max 401k Contribution 2024 With Catch-Up Upcoming 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.  — the irs has officially announced the 401k and ira contribution limits for the year 2024.

The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if. In 2023 and 2024, this limit is $7,500.