How Much Can I Contribute To My 401k In 2024


How Much Can I Contribute To My 401k In 2024. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. The contribution limit for 401 (k)s, 403 (b)s, most 457 plans and the federal government's thrift savings plan is $23,000 for 2024, up from $22,500 in 2023.


How Much Can I Contribute To My 401k In 2024

But instead of matching that $23,000 (4% of $500,000 is $20,000),. Find out the irs limit on how much you and your employer can contribute to your 401 (k) retirement savings account in 2023 and 2024.

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