2024 Irs 401k Contribution Limits

2024 Irs 401k Contribution Limits. $6,500 ($7,500 if you're age 50 or older) for 2024: The 2024 401(k) contribution limit is $500 higher than this year’s $22,500 max, which reflected a major increase from the 2022 limit of $20,500.

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. More people will be able to make contributions to roth.