401k 2024 Tax Year Limit

401k 2024 Tax Year Limit. 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. Personal contribution limits for 401 (k) plans increased in 2024 to $23,000—up $500 from $22,500 in 2023—for people under age 50.


401k 2024 Tax Year Limit

The overall 401(k) limits for employee and employer contributions. 401(k) accounts have far bigger contribution limits.

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