2024 401k Limits Catch Up Irs
2024 401k Limits Catch Up Irs. The irs has announced the 2024 contribution limits for retirement savings accounts, including contribution limits for 401(k), 403(b), and 457(b) plans, as well as income limits for ira. On november 27, 2023, the u.s.
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. Participants who are 50+ can save an additional $7,500 in 2024 in.