Irs 401k Annual Compensation Limit 2024

Irs 401k Annual Compensation Limit 2024. For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. In november 2023, the irs issued updates for 2024.


Irs 401k Annual Compensation Limit 2024

This amount is up modestly from 2023, when the individual. 401 (a) (17) and 408 (k) (3) (c) compensation will rise to $340,000 from $330,000 in 2023.

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