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 savings plans (tsps), and other qualified retirement plans rise were $23,000 for 2024, rising from $22,500 for 2023. The total maximum allowable contribution to a defined contribution plan could rise.
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