2024 Irs 401 K Contribution Limits Catch Up

2024 Irs 401 K Contribution Limits Catch Up. For 2024, the maximum you can contribute to a simple 401 (k) is $16,000. 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 annual contributions limit for traditional iras and roth iras was $7,000 for 2024, rising from $6,500 for 2023. The contribution limits for individual.