401k Limit 2024 Age 50

401k Limit 2024 Age 50. 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. In 2023, the limits were $66,000, or $73,500 for people 50 and older.


401k Limit 2024 Age 50

What are the 401(k) contribution limits for 2024? For 2024, you can contribute up to $7,000 to a roth or traditional ira.

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