Current 401k Limits 2024. For 2024, the compensation limit (which is the amount of your income that’s used to figure out 401(k) contributions and matches) is limited to $345,000. 401 (k) contribution limits for 2024.
The contribution limit for employees who participate in 401k, 403b, and most 457 plans, as well as the federal government’s thrift savings plan is increased to $23,000, up from $22,500. Total contributions to a solo 401 (k) cannot exceed $69,000 or $76,500 for those at least aged 50.
The Irs Updates This Limit Annually.
Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024.
So Keep That In Mind!
Get the latest 401(k) contribution limits for 2024.
Current 401k Limits 2024 Images References :
Learn The Contribution Limits And Start Investing Today.
For 2024, the 401 (k) limit for employee salary deferrals is $23,000, which is above the 2023 401 (k) limit of $22,500.
For 2024, The Contribution Limit Increases Again To $23,000.
The basic employee contribution limit for 2024 is $23,000 ($22,500 for 2023).