Max 401k Contribution 2024 With Catch Up 401k

Max 401k Contribution 2024 With Catch Up 401k. The limit on combined employee and employer contributions is $69,000, up from $66,000 in 2023. There are annual limits to how much you can contribute to your 401 (k).

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. Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year.