Ivett Sarette

401 K Contribution Limits 2024 Irs. The irs has increased the 401(k) plan contribution limits for 2024, allowing employees to defer up to $23,000 into workplace plans, up from $22,500 in 2023. Those 50 and older can contribute an additional.

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. $19,500 in 2020 and 2021 and $19,000 in 2019), plus $7,500 in 2023;