401k Limits 2024 Irs
401k Limits 2024 Irs. For the 2025 tax year, the irs is increasing the annual contribution limit for 401(k) plans by $500 from the current limit of $23,000 in 2024 to $23,500 in 2025. Contribution limited to $7,000 plus an additional $1,000 for employees age 50 or older in 2024;
The contribution limit has been raised to $23,500, up from $23,000 in 2024. In its announcement on friday, the agency increased the employee deferral limit to $23,500, up.