Irs Maximum 401k Contribution 2024 Over 50. The irs released 401(k) and ira contribution limits for 2024. 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.
If you are 50 years old or older, you can also contribute up to $7,500 in catch. The annual contributions limit for traditional iras and roth iras was $7,000 for 2024, rising from $6,500 for 2023.