2024 401k Contribution Limit Catch Up 2024

2024 401k Contribution Limit Catch Up 2024. For 2024, the maximum 401 (k) contribution limit is $23,000 for individuals under the age of 50. Starting in 2025, the 401 (k) employee deferral limit will jump to $23,500, up from $23,000 in 2024.

For 2024, the maximum you can contribute from your paycheck to a 401 (k) is $23,000. The normal contribution limit for elective deferrals to a 457 (b) deferred compensation plan is increased to $23,000 in 2024.