401k Limits 2024 Family . 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. This year the irs announced there will be an increase to the maximum employee 401 (k) contribution limit for 2024, increasing it to $23,000, a $500 increase.
Review the irs limits for 2024. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you’re 50 or older).
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