Irs 401k Contribution Limits 2024 Over 50. Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up to $23,000 in 2024, a $500 increase. Starting in 2024, employees can contribute up to $23,000 into their 401 (k), 403 (b), most 457 plans or the thrift savings plan for federal employees, the irs.
Limits involve both employee and employer contributions, making exact calculations critical to avoid. The dollar limitation for catch.
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