401k Income Limit 2024. Workers can now tuck away an extra $500 in 401 (k) plans in 2024, as the internal revenue service increased the annual savings limit to $23,000, up from. Morgan professional to begin planning your 2024.
The new financial years starts from april 1. 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.