2024 Irs Contribution Limits 401k

2024 Irs Contribution Limits 401k. Plan participants can contribute up to $23,000 for 2024, which is up from $22,500. The 2024 401(k) contribution limit is $500 higher than this year’s $22,500 max, which reflected a major increase from the 2022 limit of $20,500.

Find out the irs limit on how much you and your employer can contribute to your 401(k) retirement savings account in 2023 and 2024. On nov., 1, 2023, the irs boosted annual contribution limits for 2024 for 401(k), 403(b), and most 457 plans.