401k 2024 Contribution Limit Over 50 . For 2024, the maximum allowable contribution to a 401(k) is $23,000 per year (up from $22,500 in 2023). 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.
Employees can contribute up to $23,000 to their 401 (k) plan for 2024 vs. The 401(k) employee contribution limit for 2024 is $23,000.
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