401k Contribution Limits 2024 Irs

401k Contribution Limits 2024 Irs. Contributions to 401 (k)s can be automatically deducted from your paycheck. On nov., 1, 2023, the irs boosted annual contribution limits for 2024 for 401 (k), 403 (b), and most 457 plans.

 — the 401 (k) 2024 employee contribution limit is $23,000, which is an increase of $500 from the previous year. This is a $500 increase compared to the 2023 limit, so plan.