401k 2024 Contribution Limit Irs

401k 2024 Contribution Limit Irs. The limits differ depending on the type of plan. The contribution limit for 401 (k), 403 (b), thrift savings plans and most 457 plans will be $23,000 in 2024, rising from $22,500 in 2023.


401k 2024 Contribution Limit Irs

The total contribution amount allowed for all 401(k) accounts held by the same employee (regardless of current employment status) is $69,000 in 2024 or 100% of compensation, whichever is less. The limit on total employer and employee contributions for 2023 was $66,000 ($73,500 with.

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