What Is 401k Contribution Limit For 2024 With Catch Up

What Is 401k Contribution Limit For 2024 With Catch Up. 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. There are annual limits to how much you can contribute to your 401 (k).

Total contributions cannot exceed 100% of an employee’s annual. Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up to $23,000 in 2024, a $500.