401k Max Contribution 2024 Irs

401k Max Contribution 2024 Irs. 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. $19,500 in 2020 and 2021 and $19,000 in 2019), plus $7,500 in 2023;

The 2024 401(k) individual contribution limit is $23,000, up from $22,500 in 2023. Starting in 2024, employees can contribute up to $23,000 into their 401(k), 403(b), most 457.