What Is The 401k Limit For 2024. Participants who are 50+ can save an additional. 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.

In 2023, this rises to $22,500. The contribution limit will increase from $22,500 in 2023 to $23,000.