401k 2024 Employer Contribution Limit Irs

401k 2024 Employer Contribution Limit Irs. The irs has announced the 2024 contribution limits for retirement savings accounts, including contribution limits for 401(k), 403(b), and 457(b) plans, as well as income limits for ira. The contribution limits for individual retirement accounts (iras) also increases.

This means that your total 401(k) contribution limit for 2024 is $30,500. In 2024, the irs limits total 401 (k) contributions to $69,000 or 100% of the employee’s compensation, whichever is less.