Irs Retirement Plan Contribution Limits 2024

Irs Retirement Plan Contribution Limits 2024. Workers who contribute to a 401(k), 403(b), most 457 plans, and the federal. The irs increased the limits by $500 for both plans, and raised the income.

The result is your reduced contribution limit. You can contribute up to $23,000 to a 401(k) in 2024 or $30,500 if you’re age 50 or older.