2024 401k Max Contribution Irs
2024 401k Max Contribution Irs. Employee and employer combined 401 (k) limit. 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.
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. Most people don’t max out.
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