2024 401k Limits Inflation Adjustment

2024 401k Limits Inflation Adjustment. 2024 contribution limits for your 401(k), 403(b), or a 457 plan have increased from $22,500 to $23,000. Here's how the 401(k) plan limits will change in 2024:

The irs adjusts 401k contribution limits annually using the consumer price index (cpi) to account for inflation. 2024 contribution limits for your 401(k), 403(b), or a 457 plan have increased from $22,500 to $23,000.