401k 2024 Limits Irs . Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift. The contribution limit for 401 (k), 403 (b), thrift savings plans and most 457 plans will be $23,000 in 2024, rising from $22,500 in 2023.
The irs sets 401(k) contribution limits and typically increases them by $500 each year. The internal revenue service (irs) raised the annual contribution limits for 2024 to $23,000, which amounts to a cost of living adjustment and is an increase from.
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