Irs 401k Catch Up Contribution Limits 2024

Irs 401k Catch Up Contribution Limits 2024. Starting in 2024, employees can contribute up to $23,000 into their 401(k), 403(b), most 457 plans or the thrift savings plan for federal employees, the irs announced nov. 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.

For 2024, the maximum you can contribute from your paycheck to a 401 (k) is $23,000. In 2024, employers and employees together can contribute up to $69,000, up from a limit of $66,000 in 2023.