401k Maximum Contribution 2024 Income Limit

401k Maximum Contribution 2024 Income Limit. For 2024, the irs limits the amount of compensation eligible for 401 (k) contributions to $345,000.  — the irs has increased the 401(k) plan contribution limits for 2024, allowing employees to defer up to $23,000 into workplace plans, up from $22,500 in 2023.

 — the total overall 401 (k) contribution limit for 2024, which includes employer matching contributions and nonelective contributions, is $69,000.  — hces can face a 401(k) limit on the amount of income on which their employer can offer a contribution match.