2024 Irs 401 K Contribution Limits Over 50

2024 Irs 401 K Contribution Limits Over 50. Starting in 2024, employees can contribute up to $23,000 into their 401(k), 403(b), most 457 plans or the thrift savings plan for federal employees, the irs announced nov. The 401(k) compensation limit is $345,000.


2024 Irs 401 K Contribution Limits Over 50

The basic employee contribution limit for 2024 is $23,000 ($22,500 for 2023). The annual employee contribution limit for 401 (k) retirement plans is increasing from $22,500 to $23,000 in 2024.

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