What Is The 401k Limit For 2024 Irs Catch-Up

What Is The 401k Limit For 2024 Irs Catch-Up. 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. That means an active participant 50 or.

401(k) (other than a simple 401(k)) 403(b) Starting in 2024, employees can contribute up to $23,000 into their 401(k), 403(b), most 457 plans or the thrift savings plan for federal employees, the irs announced nov.