401k Contribution Limits 2024 Salary Cap. 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. Maximum salary deferral for workers:
For 2024, the contribution limit increases again to $23,000. The 2024 401(k) contribution limit is $23,000 for people under 50, up from $22,500 in 2023.
Your Employer Contributions Don’t Count.
Enjoy higher contribution limits in 2024.
You Can Contribute To More Than One.
Those limits are up from tax year 2023.
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.
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401(K) Plans Are Also Subject To Several Contribution Limits.
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 Irs On Wednesday Increased The Annual Individual Contribution Limits For 401 (K), 403 (B), And Most 457 Plans To $23,000 In 2024, Up From $22,500 This Year.
In 2023, the limits were $66,000, or $73,500 for people 50 and older.
For 2024, The Contribution Limit Increases Again To $23,000.
