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Irs 401k 2024 Maximum Limit

Irs 401k 2024 Maximum Limit. That is $500 more than you were allowed to contribute in 2023. Total 401(k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024.


Irs 401k 2024 Maximum Limit

The 2024 401(k) contribution limit is $500 higher than this year’s $22,500 max, which reflected a major increase from the 2022 limit of $20,500. The 2024 401(k) individual contribution limit is $23,000, up from $22,500 in 2023.

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