2024 401k Contribution Limit

2024 401k Contribution Limit. The contribution limit for employees who participate in 401k, 403b, and most 457 plans, as well as the federal government's thrift savings plan is increased to $23,000, up from $22,500. The irs has announced the 2024 contribution limits for retirement savings accounts, including contribution limits for 401(k), 403(b), and 457(b) plans, as well as income limits for ira.

The 2025 catch‑up contribution limit for individuals aged 50 and over will stay at $1,000, the. Discover limits, eligibility, and strategies for success.