2024 401k Contribution Limits Irs

2024 401k Contribution Limits Irs. This year, defined contribution plans got a historic contribution limit. In 2023, this rises to $22,500.

Workers who contribute to a 401 (k), 403 (b), most 457 plans, and the federal. Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year.