What is the 401(k) & 403(b) contribution limit?

The contribution limit for employees who participate in 401 (k), 403 (b), and most 457 plans, as well as the federal government's Thrift Savings Plan is increased to $23,000, up from $22,500. The limit on annual contributions to an IRA increased to $7,000, up from $6,500.

What is the 401(k) catch-up contribution limit for 2024?

The catch-up contribution limit for employees aged 50 and over who participate in 401 (k), 403 (b), and most 457 plans, as well as the federal government's Thrift Savings Plan remains $7,500 for 2024.

What is the 2024 401(k) contribution limit?

The 2024 contribution limit for 401 (k) plans is $23,000, up from $22,500 in 2023. Those 50 and older can contribute an additional $7,500. Use our calculator to estimate your future balance.