What Is The 401k Catch Up Limit For 2024
What Is The 401k Catch Up Limit For 2024 . For 2023, the maximum contribution amounts were $22,500 and. That limit also applies to 457, 403 (b) and the federal government’s thrift.
This amount is an increase of $500. 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.
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401k Contribution Limits And Limits (Annual Guide) , The annual elective deferral limit for 401 (k) plan employee contributions is increased to $23,000 in 2024.
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