2024 Irs 401k Limit. 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 total amount of contributions (employee and employer) that can be contributed to a 401 (k) or like defined contribution plan increases to the lesser of $69,000 or.
For anyone 50 or older, you will be allowed to put away. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401(k), 403(b) and 457(b) plans increased from $22,500 to $23,000.