Irs Annual 401k Contribution Limit 2024. Irs releases the qualified retirement plan limitations for 2024: Contribution maximums will increase from $22,500 to $23,000 for 401 (k), 403 (b) and most 457 plans, as well as the federal government’s thrift savings plan, the irs.
Section 415 of the internal revenue code (code) provides for dollar limitations on benefits and contributions under qualified retirement plans. What is the 401(k) contribution limit in 2024?