2024 401k Contribution. In 2024, employees and employers can contribute a. The contribution limit for employees who participate in 401(k), 403(b) and most 457 plans, as well as the federal government’s thrift savings plan, increased to.
Plan participants can contribute up to $23,000 for 2024, which is up. The 401(k) contribution limit for 2023 is $22,500.
For 2024, The 401 (K) Contribution Limit For Employees Is $23,000, Or $30,500 If You Are Age 50 Or Older.
An inflation index will be applied to the limit.
This Is An Increase From The 2023 Limit Of $22,500.
Employer matches don’t count toward this limit and can be quite generous.
If You Are Age 50 Or Over In 2023, You Can Contribute An Additional $7,500.
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Employees Can Contribute Up To $23,000 To Their 401(K) Plan For 2024 Vs.
For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.
The Irs Also Sets Limits On How Much You And Your Employer Combined Can Contribute To Your 401 (K).