Irs 2024 401 K Limits. The contribution limit for 401(k)s, 403(b)s, most 457 plans and the federal government's thrift savings plan is $23,000 for 2024, up from $22,500 in 2023. Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year.
The contribution limit for 401(k)s, 403(b)s, most 457 plans and the federal government’s thrift savings plan is $23,000 for 2024, up from $22,500 in 2023. Changes in inflation affect the limits,.