Irs 2024 Max 401k Contribution Limits

Irs 2024 Max 401k Contribution Limits. To understand how a solo 401 (k) works, think of contributing both as an employee of your company and as the employer. Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year.

 — 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.  — 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.