2024 401k Limits Contribution For 2024

2024 401k Limits Contribution For 2024. In 2024, the irs allows you to contribute up to $23,000 to your 401 (k) plan, up from $22,500 in 2023. 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 announced nov.

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. Individual retirement account (ira) $7,000.