Irs Limit On 401k Contributions For 2024

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Irs Limit On 401k Contributions For 2024. The irs has just announced the new contribution and benefit limits for 2024 and—reflecting the moderating inflation readings, the increases are modest. 401(k) contribution limit for 2024.


Irs Limit On 401k Contributions For 2024

The 2024 401(k) contribution limit is $500 higher than this year’s $22,500 max, which reflected a major increase from the 2022. The basic employee contribution limit for 2024 is $23,000 ($22,500 for 2023).

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