Irs 401k Salary Limits 2024
Irs 401k Salary Limits 2024 . The 2024 contribution limit for 401 (k) plans is $23,000, up from $22,500 in 2023. 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.
Contributions to 401 (k)s can be automatically deducted from your paycheck. If you participate in a 401 (k) retirement savings plan at work, your personal contribution limit in 2024 is $23,000.
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