401 K Limits 2024 Irs
401 K Limits 2024 Irs . In 2024, the 401(k) contribution limit for participants is increasing to $23,000, up from $22,500 in 2023. For 2024, the irs has increased the contribution limit for 401 (k), 403 (b), most 457 plans, and the federal government's thrift savings plan to $23,000, up from $22,500 in 2023.
August 7, 2024 by editorial board. For 2024, the irs limits the amount of compensation eligible for 401(k) contributions to $345,000.
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