401k Limits 2024 Catch Up Age

401k Limits 2024 Catch Up Age. This dollar amount is the same as in 2023. 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.

Individuals can contribute up to $23,000 total into their traditional or roth 401(k) plans in 2024, no matter how high their income is that year. Specifically, individuals who are at least 50 years old and earning.