2024 Maximum 401k Contribution

2024 Maximum 401k Contribution. The internal revenue service (irs) raised the annual contribution limits for 2024 to $23,000, which amounts to a cost of living adjustment and is an increase from. More people will be able to make contributions to roth.

The maximum amount that an employee may claim as a qslp matching contribution will differ depending on the type of retirement plan (see chart below). Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up to $23,000 in 2024, a $500 increase from the $22,500 limit in.