401k Contribution Limits 2024 Irs

401k Contribution Limits 2024 Irs. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you're 50 or older). For 2024, the irs limits the amount of compensation eligible for 401 (k) contributions to $345,000.


401k Contribution Limits 2024 Irs

The contribution limit will increase from $22,500 in 2023 to $23,000. For 2024, the 401(k) annual contribution limit is $23,000, up from $22,500 in 2023.

401k Contribution Limits 2024 Irs Images References :