401k Limits 2024 50 000

401k Limits 2024 50 000. Starting in 2024, employees can contribute up to $23,000 into their 401(k), 403(b), most 457 plans or the thrift savings plan for federal employees, the irs announced nov. For 2025, the irs limits the amount of compensation eligible for 401(k) contributions to $350,000.


401k Limits 2024 50 000

The irs limits how much employees and employers can contribute to a 401(k) each year. The internal revenue service announced that the maximum amount individuals can contribute to their 401(k) or similar plans in 2025 will increase to $23,500, up from $23,000.

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