401k 2024 Contribution Limit

401k 2024 Contribution Limit. The irs has announced the 2024 contribution limits for retirement savings accounts, including contribution limits for 401 (k), 403 (b), and 457 (b) plans, as well as income limits for ira contribution deductibility.  — one way employers determine matching contributions is to match a percentage of an employee's contribution, up to a certain limit.

 — employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from $22,500 in 2023 to $23,000 in 2024. Learn more about 401 (k) limits.