Ashly Kassey

Individual 401k Contribution Limits 2024. Starting in 2025, employees can contribute up to $23,500 into their 401(k) and 403(b) plans, most 457 plans, and the thrift savings plan for federal employees, the irs. Starting in 2024, employees can contribute up to $23,000 into their 401 (k), 403 (b), most 457 plans or the thrift savings plan for federal employees, the irs announced nov.

If you have a traditional 401 (k), your contributions will reduce your taxable income for the year. In this piece, we’ll review the 401(k) contribution limits for 2024 and 2025.