2024 401k Limits And Contributions. Starting in 2025, key 401(k) plan changes enacted via secure 2.0 could make saving for retirement easier. The irs announced increases to 401 (k) and ira contribution limits for 2024 on november 1.
For 2024, individuals can contribute up to $23,000 to their 401 (k), 403 (b), most 457 plans, and the federal government’s thrift savings plan (tsp), an increase from last. 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.
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