Taylor Swift 20401k Max Contribution 2024 Catch-Up. 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. Workers ages 50 and older have a higher annual 401 (k) contribution limit than their younger peers.

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. If you are 50 or older, you can defer paying income tax on $30,000 in your 401(k) plan.