2024 401k Contribution Limits 2024 Irs

2024 401k Contribution Limits 2024 Irs. Workers who contribute to a 401 (k), 403 (b), most 457 plans, and the federal. The irs has officially announced the 401k and ira contribution limits for the year 2024.

As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a. The basic employee contribution limit for 2024 is $23,000 ($22,500 for 2023).