2024 Max 401k Contribution Limits Catch Up Limit. If you are 50 or older, you can defer paying income tax on $30,000 in your 401(k) plan. The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023.
This dollar amount is the same as in 2023. In 2024, the irs limits total 401 (k) contributions to $69,000 or 100% of the employee’s compensation, whichever is less.
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