Irs 2024 401 K Limits. 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. Each fall, the internal revenue service (irs) reviews and sometimes adjusts the contribution limits for 401 (k) plans, individual retirement accounts (iras), and other retirement savings.
401k and retirement plan limits for the tax year 2024. 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.