Irs 401k 2024 Limit

Irs 401k 2024 Limit. For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024.

The limit on employer and employee contributions is $69,000. The limit on total employer and employee contributions for 2023 was $66,000 ($73,500 with.