2024 401k Limits And Catch Up Limits For 2024. As you can see, the limit increased by $500 for elective contributions, and $1,000 for overall contributions, compared to 2024. Employees who participate in 401 (k), 403 (b), most 457 plans, and the federal government’s thrift savings plan will be able to contribute up to $23,000 in 2023.

Starting in 2024, employees can contribute up to $23,000 into their 401(k), 403(b), most 457 plans or the thrift savings plan for federal employees, the irs announced nov. 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.