Irs 401k 2024 Maximum Limit

Irs 401k 2024 Maximum Limit. The limit on employer and employee contributions is $69,000. The contribution limit for simple 401 (k)s is $16,000.

The 2024 401(k) contribution limit is $500 higher than this year’s $22,500 max, which reflected a major increase from the 2022 limit of $20,500. The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older.