2024 Irs 401k Contribution Limits

2024 Irs 401k Contribution Limits. The contribution limit for employees who participate in 401k, 403b, and most 457 plans, as well as the federal government's thrift savings plan is increased to $23,000, up from $22,500. The irs this week announced it was raising the 401 (k) contribution limit to $23,000, up from $22,500 currently.

In 2022, the most you can contribute to a roth 401(k) and contribute in pretax contributions to a traditional 401(k) is $20,500. The 2024 401(k) individual contribution limit is $23,000, up from $22,500 in 2023.