Daile Dulcine

2024 401k Maximum Contribution Limits 2024. 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. The irs limits how much employees and employers can contribute to a 401 (k) each year.

By exceeding your 401(k) contribution limits for 2024, you’re essentially underpaying your income taxes. The contribution limits for individual retirement accounts (iras) also increases from $6,500 to $7,000.