401k Limits 2024 After Tax Income

401k Limits 2024 After Tax Income. The internal revenue service (irs) has announced that contribution limits for 401 (k)s, 403 (b)s, most 457 plans, thrift savings plans. For 2024, the limit for 401 (k) plan contributions is $23,000, up from $22,500 last year, according to the irs.

The combined limit for employee and employer contributions is $69,000. Employees age 50 and older can contribute an additional $7,500 for a total.