401k Limits For 2024 Over Age 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. The 401 (k) contribution limit for individuals has been increased to $23,000 for 2024.

The annual employee contribution limit for 401 (k) retirement plans is increasing from $22,500 to $23,000 in 2024. Employees can contribute up to $23,000 to their 401 (k) plan for 2024 vs.