402 G Limit 2024 Catch Up Date

402 G Limit 2024 Catch Up Date. The elective deferral limit under irc section 402 (g) increased from $22,500 to $23,000 for 2024. 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.

The limitation under section 402(g)(1) on the exclusion for elective deferrals described in section 402(g)(3) is increased from $22,500 to $23,000. Secure act 2.0 builds on the 2019 secure act and introduces several changes affecting the thrift savings plan (tsp).