2024 401k Limits. Your contributions also can’t exceed 100% of your total salary. 401 (k) contribution limits for 2024.
The combined limit for employee and employer. Employees will be able to sock away more money into their 401 (k)s next year.
This Amount Is An Increase Of.
In 2023, this rises to $22,500.
The Overall 401 (K) Limits.
The maximum contribution for 2024 is the lesser of 25% of an employee’s compensation or $69,000.
Those 50 And Older Can Contribute An Additional.
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401K And Retirement Plan Limits For The Tax Year 2024.
For 2024, employees may contribute up to $23,000.
Those 50 And Older Can Contribute An Additional.
For 2024, the irs has increased the contribution limit for 401 (k), 403 (b), most 457 plans, and the federal government’s thrift savings plan to $23,000, up from $22,500 in 2023.