2024 40k Limit Over 50
2024 40k Limit Over 50. In 2024, the contribution limit for a roth 401 (k) is $23,000, plus an additional contribution of $7,500 if you are age 50 or older. 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.
The total contribution limit for both employee and employer contributions to 401(k) defined contribution plans under section 415(c)(1)(a) increased from $66,000 to $69,000 ($76,500 if. For 2024, the limit for 401 (k) plan contributions is $23,000, up from $22,500 last year, according to the irs.