Irs 401k Annual Compensation Limit 2024
Irs 401k Annual Compensation Limit 2024 . Participants can contribute up to $23,000 to their 401(k) plans. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401(k), 403(b) and 457(b) plans increased from $22,500 to $23,000.
If you’re age 50 or older,. Each year, the irs places limits on the maximum amount participants can contribute to their 401(k) plans.
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