Irs 401k Salary Limits 2024

Irs 401k Salary Limits 2024

Irs 401k Salary Limits 2024. Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up to $23,000 in 2024, a $500 increase. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401 (k), 403 (b) and 457 (b) plans increased from $22,500 to $23,000.


Irs 401k Salary Limits 2024

($22,500 in 2023, $20,500 in 2022; In 2024, the irs allows you to contribute up to $23,000 to your 401(k) plan, up from $22,500 in 2023.

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