Max 401k 2024 Catch Up 2024 . Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year. 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.
Most people don’t max out their 401(k). For 2024, the 401(k) limit for employee salary deferrals is $23,000, which is above the 2023 401(k) limit of $22,500.
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