2024 Irs Contribution Limits Irs. The contribution limit for 401 (k), 403 (b), thrift savings plans and most 457 plans will be $23,000 in 2024, rising from $22,500 in 2023. The ira contribution limits for 2024 are $7,000 for those under age 50, and $8,000 for those age 50 or older.
Contribution maximums will increase from $22,500 to $23,000 for 401 (k), 403 (b) and most 457 plans, as well as the federal government’s thrift savings plan, the irs. There are limits to how much employers and employees can contribute to a plan (or ira) each year.
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