Irs 401k Limit 2024 Catch Up

Irs 401k Limit 2024 Catch Up. The irs has announced the 2024 contribution limits for retirement savings accounts, including contribution limits for 401(k), 403(b), and 457(b). For 2024, the maximum you can contribute from your paycheck to a 401 (k) is $23,000.

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 annual contributions limit for traditional iras and roth iras was $7,000 for 2024, rising from $6,500 for 2023.