Irs 2024 Max 401k Contribution Limits

Irs 2024 Max 401k Contribution Limits. 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. You can take advantage of the higher.

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. Section 415 of the internal revenue code (code) provides for dollar limitations on benefits and contributions under qualified retirement plans.