401k 2024 Contribution Limit Irs After Tax
401k 2024 Contribution Limit Irs After Tax. The irs this week announced it was raising the 401 (k) contribution limit to $23,000, up from $22,500 currently. 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.
Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up. 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.