401k Limits 2024 After Tax. The irs has announced the 2024 contribution limits for retirement savings accounts, including contribution limits for 401(k), 403(b), and 457(b) plans, as well as income limits. On november 1, 2023, the internal revenue service announced that the amount individuals can contribute to their 401(k).
For those with a 401 (k), 403 (b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.