2024 401k Maximum Deferral. Here's what you need to know about that maximum, employer matches and how much you should contribute. 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 contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. Those 50 and older can contribute.