Annual 401k Contribution Limit 2024

Annual 401k Contribution Limit 2024. This amount is up modestly from 2023, when the individual. 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.

More people will be able to make contributions to roth. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024.