Marla Philippine

401k 2024 Catch Up Contribution Limit Irs. The limit on total employer and employee contributions for 2023 was $66,000 ($73,500 with. The basic limit on elective deferrals is $23,000 in 2024, $22,500 in 2023, $20,500 in 2022, $19,500 in 2020.

All new limits will go into. Starting in 2024, employees can contribute up to $23,000 into their 401 (k), 403 (b), most 457 plans or the thrift savings plan for federal employees, the irs announced nov.