September 30, 2024

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401 K Irs Limits 2024

401 K Irs Limits 2024. The irs has officially announced the 401k and ira contribution limits for the year 2024. The contribution limit for 401 (k)s, 403 (b)s, most 457 plans and the federal government's thrift savings plan is $23,000 for 2024, up from $22,500 in 2023.


401 K Irs Limits 2024

For 2024, the 401 (k) limit for employee salary deferrals is $23,000, which is above the 2023 401 (k) limit of $22,500. The irs has announced the 2024 contribution limits for retirement savings accounts, including contribution limits for 401(k), 403(b), and 457(b) plans, as well as income limits.

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