2024 Contribution Limits 401k Max

2024 Contribution Limits 401k Max. Most people don't max out their 401(k). For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.

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 increased 2024 contribution limits for 401(k)s, 403(b)s, and iras.