401k 2024 Limits Irs

401k 2024 Limits Irs. 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. $19,500 in 2020 and 2021 and $19,000 in 2019), plus $7,500 in 2023;.

Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift. The simple ira and simple 401 (k) contribution limits will increase from $15,500 in 2023 to $16,000 in 2024.