401k Limits 2024 50+. 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. Deferred compensation limits for workers ages 50 and older.

This year the irs announced there will be an increase to the maximum employee 401 (k) contribution limit for 2024, increasing it to $23,000, a $500 increase. If you are 50 or older, you can save $7,500 more in your roth 401(k) as a.