What Is The 401k Limit For 2024. On november 1, 2023, the internal revenue service announced that the amount individuals can contribute to their 401 (k) plans. This amount is up modestly from 2024, when the individual 401(k).
The annual employee contribution limit for 401(k) retirement plans is increasing from $22,500 to $23,000 in 2024. That limit also applies to 457, 403(b) and the federal government’s thrift savings.
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