401k Max 2024 Catch Up . Employees can contribute up to $23,000 to their 401(k) plan for 2024 vs. 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.
To incentivize adults nearing their retirement age to save additional money, the government allows those 50 and older to contribute a higher amount. Those 50 and older can contribute an additional $7,500.
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