2024 401k Contribution Limits 2024 Irs. This amount is up modestly from 2023, when the individual 401(k) contribution limit. Here's how the 401(k) plan limits will change in 2024:
The 401 (a) compensation limit (the amount of earned income that can be used to calculate retirement account contributions) will increase from $330,000 in 2023 to $345,000 in 2024. For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.
2024 401k Contribution Limits 2024 Irs Images References :
