Jorry Malinde

401 K Limits For 2024 Irs. As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a. The irs increased 2024 contribution limits for 401(k)s, 403(b)s, and iras.

Here’s how the 401(k) plan limits will change in 2024: The 2024 401(k) contribution limit is $500 higher than this year’s $22,500 max, which reflected a major increase from the 2022 limit of $20,500.