401k Contribution Limits 2024 Irs

401k Contribution Limits 2024 Irs. For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit. The irs has increased the 401(k) plan contribution limits for 2024, allowing employees to defer up to $23,000 into workplace plans, up from $22,500 in 2023.

The irs increased the limits by $500 for both plans, and raised the income. You can stash away an extra $500 in most retirement savings plans in 2024.