2024 Ira Contribution Limits 401k And 457

2024 Ira Contribution Limits 401k And 457. The total employee contribution limit to all 401 (k) and 403 (b) plans for those under 50 will be going up from. Other limitations applicable to deferred compensation plans are also affected.

401 (k) accounts have had their contribution limit increased from $22,500 to $23,000 and ira account contribution limits have increased from $6,500 to $7,000. For 2024, individuals can contribute up to $23,000 to their 401(k), 403(b), most 457 plans, and the federal government’s thrift savings plan (tsp), an increase from last year’s limit of $22,500.