2024 Irs 401 K Contribution Limits Over 50. The contribution limit for 401 (k), 403 (b), thrift savings plans and most 457 plans will be $23,000 in 2024, rising 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.
This limit includes all elective employee salary deferrals and any contributions made to a designated roth. For employer sponsored plans including 401 (k), 403 (b) and 457 retirement plans—as well as thrift savings plans, a type of account for.
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