Irs 401k Limits 2024 Catch Up. 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 limit on employer and employee contributions is $69,000.
The limit on combined employee and employer contributions is $69,000, up from $66,000 in 2023. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023โs $22,500 to $23,000 for 2024.