Irs 401k Catch Up Contribution Limits 2024

Irs 401k Catch Up Contribution Limits 2024. The 401 (k) compensation limit is $345,000. 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 401 (k) compensation limit is $345,000. So, according to the contribution limits for a 401 (k), after age 50, you could contribute a total of $30,500 to a 401 (k) each year.