2024 Irs 401k Limit. The internal revenue service (irs) raised the annual contribution limits for 2024 to $23,000, which amounts to a cost of living adjustment and is an increase from. The irs has announced the 2024 contribution limits for retirement savings accounts, including contribution limits for 401(k), 403(b), and 457(b) plans, as well as income limits.
The 401 (k) 2024 employee contribution limit is $23,000, which is an increase of $500 from the previous year. The 2024 401(k) individual contribution limit is $23,000, up from $22,500 in 2023.
