Married 401k Contribution Limits 2024
Married 401k Contribution Limits 2024. On november 1, 2023, the internal revenue service announced that the amount individuals can contribute to their 401 (k) plans in 2024 has increased to $23,000, up from $22,500 for 2023. 1 that the annual contributions to an individual retirement account increased to $7,000, up from $6,500.
The contribution limit will increase from $22,500 in 2023 to $23,000. For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024.
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