What Is The 401k Limit For 2024 Irs Catch-Up

What Is The 401k Limit For 2024 Irs Catch-Up. The dollar limitation for catch. 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 contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024.