Catch Up 401k Contribution Limits 2024
Catch Up 401k Contribution Limits 2024. 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 is $23,000 for 2024.
The 2022 contribution limit for a simple ira or 401 (k), which are retirement plans designed for small businesses with 100 or fewer employees, is $14,000 ($15,500 for 2023). This means that your total 401(k) contribution limit for 2024 is.
