401k Limit 20245

401k Limit 20245. In 2023, this rises to $22,500. For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024.

In 2022, the most you can contribute to a roth 401(k) and contribute in pretax contributions to a traditional 401(k) is $20,500. Section 415 of the internal revenue code (code) provides for dollar limitations on benefits and contributions under qualified retirement plans.