2024 401k Limits Over 50 . This amount is up modestly from 2023, when the individual 401(k). 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.
Those 50 and older can contribute an additional $7,500. Therefore, if you are over 50, your total 401k contribution limit for 2024 is $23,000 + $7,500.
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