401k Contribution Limits For 2024 Over 50

401k Contribution Limits For 2024 Over 50. The basic employee contribution limit for 2024 is $23,000 ($22,500 for 2023). 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.


401k Contribution Limits For 2024 Over 50

Savers will be able to contribute as much as $23,000 in 2024 to a 401(k), up from $22,500 in 2023, an increase of $500 from 2023. 401 (k) contribution limits in 2023 and 2024.

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