Irs 401k Limits 2024 Include Employer Match. Even though 5% of $500,000 is. If you contribute, say, $23,000 toward your 401(k) in 2024 and your employer adds $5,000, you’re still within the irs limits.

The irs on monday issued interim guidance on employer matching contributions made to retirement plans—including 401 (k), 403 (b), and similar plans—for student loan payments. For 2024, employees can defer up to $23,000 into 401 (k) plans, up from $22,500 in 2023, with an extra $7,500 for workers age 50 and older.