401k Contribution Limits 2024 Irs
401k Contribution Limits 2024 Irs. For 2024, the 401(k) annual contribution limit is $23,000, up from $22,500 in 2023. The limit for employee contributions to a 401 (k) in 2024 is $23,000 for those under 50.
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. For 2024, the irs limits the amount of compensation eligible for 401 (k) contributions to $345,000.