401k Max Contribution Limit 2024. That compares with the $500 boost seen in 2024 over 2023. 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 2024 401 (k) contribution limit is $500 higher than this year’s $22,500 max, which reflected a major increase from the 2022 limit of $20,500. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.