401k Contribution Limits 2024
401k Contribution Limits 2024. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. For 2024, the irs limits the amount of compensation eligible for 401(k) contributions to $345,000.
You can contribute to more than one 401(k) plan. The overall 401(k) limits for employee and employer contributions.