Irs Contribution Limits 2024 401k. For 2024, the irs limits the amount of compensation eligible for 401 (k) contributions to $345,000. Workplace retirement plan contribution limits for 2024.
As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.
