Easter Leanor

What Is The Max 401 Contribution For 2024. Learn how much you and your employer can contribute to your 401 (k) plan in 2024, and how the irs adjusts the limits annually for inflation. Learn how the irs increased 2024 contribution limits for 401 (k)s, 403 (b)s, iras, roth iras, and hsas.

In 2024, the 401(k) contribution limit for participants is increasing to $23,000, up from $22,500 in 2023. 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.