2024 401k Max Limit . The 2024 maximum 401k contribution limit will be $23,000, which is a an increase of $500 over the 2023 maximum 401k contribution limit of $22,500 (which had increased a record high $2,000 over the prior year). Employers can only use the first $345,000 of compensation to determine your 401(k) match.
2024 retirement account contribution amounts. The contribution limits for individual retirement accounts (iras) also increases from $6,500 to $7,000.
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