2024 401k Limits Catch Up Over 55

2024 401k Limits Catch Up Over 55. This means that your total 401(k) contribution limit for 2024 is. The 2024 401(k) individual contribution limit is $23,000, 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. The overall 401 (k) limits for employee and employer.