2024 Irs 401k Limits

2024 Irs 401k Limits. The irs released 401(k) and ira contribution limits for 2024. For employer sponsored plans, including 401(k)s the 2024 contribution limits will jump to $23,000.

For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. 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 $22,500 in.