2024 401k Catch Up Max

2024 401k Catch Up Max. He gets a pay raise of 3% or 4% a year, and he plans to put most of the extra pay toward his 401(k) “until i max it out,” he said. 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.

You can contribute to more than one 401(k) plan. Those 50 and older can contribute an additional $7,500.