Irs 401k Salary Limits 2024
This limit includes all elective employee salary deferrals and any contributions. The irs adjusts this limit every year.
Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401 (k), 403 (b) and 457 (b) plans increased from $22,500 to $23,000. In 2024, the 401(k) contribution limit for participants is increasing to.