What Is The Max 401k Contribution For 2024 Over 55

What Is The Max 401k Contribution For 2024 Over 55. 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. This amount is up modestly from 2023, when the individual 401 (k) contribution.

Employees can contribute up to $23,000 to their 401(k) plan for 2024 vs. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.