2024 401k Limits Catch Up Over 50. The 401(k) contribution limits for 2023 sit at $22,500 for retirement savers under 50 and $30,000 for those 50 and over. 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.


2024 401k Limits Catch Up Over 50

This provision allows older individuals to contribute. For 2025, the 401(k) contribution limit for employees is $23,500, or $31,000 if you are age 50 or older.

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