401 K Limits 2024 Irs

401 K Limits 2024 Irs. In 2024, if you are younger than 50, you can deposit up to $23,000 in a 401(k) account. 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.


401 K Limits 2024 Irs

That’s an increase from the 2023 limit of $330,000. 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.

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