401k Max Contribution 2024 And Ira Contribution Limits

401k Max Contribution 2024 And Ira Contribution Limits. You can learn more about these contribution limit changes below and what they mean for. The contribution limit for 401(k)s, 403(b)s, most 457 plans and the federal government's thrift savings plan is $23,000 for 2024, up from $22,500 in 2023.

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. The irs this week announced it was raising the 401(k) contribution limit to $23,000, up from $22,500 currently.