2024 401k Contribution Limits 2024 Irs
Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024. 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.
These accounts are popular retirement. For 2024, the 401(k) annual contribution limit is $23,000, up from $22,500 in 2023.