401k Limit For 2024. For 2024, the irs limits the amount of compensation eligible for 401 (k) contributions to $345,000. If you’re 50 or older, you can stash an additional $7,500 in your 401 (k).


401k Limit For 2024

The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older. Total 401(k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024.

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