Irs Contribution Limits 2024 401k

Irs Contribution Limits 2024 401k. For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit. The contribution limit for 401(k), 403(b), thrift savings plans and most 457 plans will be $23,000 in 2024, rising from $22,500 in 2023.

There are limits to how much employers and employees can contribute to a plan (or ira) each year. The 2024 401 (k) contribution limit is $23,000, a $500 increase from 2023’s limit.