Irs Limits 401k 2024

Irs Limits 401k 2024. The irs limits how much employees and employers can contribute to a 401 (k) each year. Starting in 2024, employees can contribute up to $23,000 into their 401(k), 403(b), most 457 plans or the thrift savings plan for federal employees, the irs.

Workers who contribute to a 401(k), 403(b), most 457 plans and the federal government’s thrift savings plan can contribute up to $23,000 in 2024, a $500 increase. For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit.