401k 2024 Limits Irs. 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. $19,500 in 2020 and 2021 and $19,000 in 2019), plus $7,500 in 2023;
The 401(k) contribution limit is set by the irs and has been set to $23,000 for 2024. The irs has increased the 401 (k) plan contribution limits for 2024, allowing employees to defer up to $23,000 into workplace plans, up from $22,500 in 2023.