401k Contribution Limits 2024 Irs. For 2024, the irs limits the amount of compensation eligible for 401 (k) contributions to $345,000. Retirement savers are eligible to put $500 more in a 401(k) plan in 2024:
The irs has announced the 2024 contribution limits for retirement savings accounts, including contribution limits for 401(k), 403(b), and 457(b) plans, as well as income limits. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you’re 50 or older).