Irs 401k Annual Compensation Limit 2024

Irs 401k Annual Compensation Limit 2024. 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 contribution limit for employees who participate in 401k, 403b, and most 457 plans, as well as the federal government's thrift savings plan is increased to $23,000, up from $22,500.


Irs 401k Annual Compensation Limit 2024

For 2024, the irs limits the amount of compensation eligible for 401(k) contributions to $345,000. The irs adjusts this limit every year based.

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