2024 401k Max Limit Increase. For those with a 401 (k), 403 (b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024. For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.
This amount is up modestly from 2023, when the individual. For 2024, the irs limits the amount of compensation eligible for 401(k) contributions to $345,000.
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