401k Limit For 2024 Over 50 . For 2024, the 401 (k) limit for employee salary deferrals is $23,000, which is above the 2023 401 (k) limit of $22,500. The limit on employer and employee contributions is $69,000.
In 2023, this rises to $22,500. Employer matches don’t count toward this limit and can be quite generous.
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401k 2024 Tax Year Limit Over 50 Gabbi Kailey , 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.
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