2024

2024 401k Limits By Age

2024 401k Limits By Age. 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. Starting in 2025, the 401 (k) employee deferral limit will jump to $23,500, up from $23,000 in 2024.


2024 401k Limits By Age

This is an extra $500 over 2023. For 2024, the maximum amount employees under 50 years old can put in a 401 (k) or similar account is $23,000.

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