What Is The 2024 Limit For 401k

What Is The 2024 Limit For 401k. The 401 (k) contribution limit for individuals has been increased to $23,000 for 2024. The irs sets a maximum contribution limit for how much money employees can put into their 401(k)s, as well as a limit for how much an employer and employee.

As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a. Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up.