2024 40k Limit Over 50. 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. You can contribute a maximum of $7,000 (up from $6,500 for 2023).
The total employee contribution limit to all 401(k) and 403(b) plans for those under 50 will be going up from $23,000 in 2024 to $23,500 in 2025. That limit also applies to 457, 403(b) and the federal governmentโs.