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401k 2024 Limit Irs

401k 2024 Limit Irs. 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 contribution limit for 2023 is $6,500 and $7,500 for people 50 and older.


401k 2024 Limit Irs

The contribution limit for 2023 is $6,500 and $7,500 for people 50 and older. For 2024, the irs limits the amount of compensation eligible for 401 (k) contributions to $345,000.

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