New Irs 401k Limits 2024

New Irs 401k Limits 2024. Employees can contribute up to $23,000 to their 401 (k) plan for 2024 vs. This amount is an increase of $500 from the 2023 401 (k).


New Irs 401k Limits 2024

The internal revenue service (irs) has announced that contribution limits for 401 (k)s, 403 (b)s, most 457 plans, thrift savings plans (tsps), and other qualified retirement plans will rise by. Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal governmentโ€™s thrift savings plan can contribute up to $23,000 in 2024, a $500 increase from the $22,500 limit in 2023.

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