2024 401k Limit Over 50. This is an extra $500 over 2023. If you're age 50 and older, you can add an extra $7,500.

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. Those 50 and older can contribute an additional $7,500.