2024 401k Maximum Contribution Limits Irs

2024 401k Maximum Contribution Limits Irs. If you're 50 or older, the limit is $8,000. 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.


2024 401k Maximum Contribution Limits Irs

The overall 401 (k) limits for employee and employer. Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’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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