What Is The 401k Limit For 2024

What Is The 401k Limit For 2024. Be sure to take advantage. 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.


What Is The 401k Limit For 2024

The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. The 401 (a) compensation limit (the amount of earned income that can be used to calculate retirement account contributions) will increase from $330,000 in 2023.

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