Max Individual 401k Contribution 2024

Max Individual 401k Contribution 2024. 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 announced nov. Here's how the 401 (k) plan limits will change in 2024:

Contribution limits for 401 (k)s, 403 (b)s, most 457 plans, thrift savings plans (tsps), and other qualified retirement plans rise were $23,000 for 2024, rising from $22,500. For 2023, the solo 401 (k) contribution limits are $66,000 or $73,500 if you are at least age 50.