401k 2024 Limits Increase 2024
401k 2024 Limits Increase 2024. The contribution limits for individual retirement accounts (iras) also increases from $6,500 to $7,000. For 2024, you can defer up to $23,000 into 401 (k) plans, up from $22,500 in 2023, with an extra $7,500 for savers age 50 and older. Contribution limits for 401(k)s, 403(b)s, most 457 plans, thrift …