2024 401k Contribution Limits 2024 Irs

2024 401k Contribution Limits 2024 Irs. The contribution limit for 401 (k), 403 (b), thrift savings plans and most 457 plans will be $23,000 in 2024, rising from $22,500 in 2023. On november 1, 2023, the internal revenue service announced that the amount individuals can contribute to their 401 (k).

The contribution limits for individual. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401 (k), 403 (b) and 457 (b) plans increased from $22,500 to $23,000.