401k 2024 Limits

401k 2024 Limits

Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from 2023โ€™s $22,500 to $23,000 for 2024. The internal revenue service (irs) raised the annual contribution limits for 2024 to $23,000, which amounts to a cost of living adjustment and is an increase from $22,500.


401k 2024 Limits

Here’s how the 401(k) plan limits will change in 2024: The 2024 contribution limits are as follows:

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