401k 2024 Contribution Catch Up Limit Irs

401k 2024 Contribution Catch Up Limit Irs. For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit. 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 2025, the total contribution limit is projected to be $71,000. Starting in 2024, employees can contribute up to $23,000 into their 401(k), 403(b), most 457 plans or the thrift savings plan for federal employees, the irs.