401 K Limits 2024 Irs. The internal revenue service (irs) has announced that contribution limits for 401 (k)s, 403 (b)s, most 457 plans, thrift savings plans (tsps), and other qualified retirement plans. Here's how the 401(k) plan limits will change in 2024:

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. As the table above illustrates, the 2024 irs limit for employee 401(k) contributions jumped up $500 from the 2023 mark of $22,500.