Irs Limit For 401k 2024 Catch Up

Irs Limit For 401k 2024 Catch Up. 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. People who save money in an individual retirement account (ira) can save.

The 401(k) contribution limit for 2023 is $22,500 for employee contributions and $66,000 for combined employee and employer contributions. This means that your total 401(k) contribution limit for 2024 is.