Max 401k Contribution 2024 With Catch-Up Upcoming Year

Max 401k Contribution 2024 With Catch-Up Upcoming Year. For 2024, the maximum you can contribute from your paycheck to a 401 (k) is $23,000. The 401 (k) compensation limit is $345,000.

This ensures that the limits remain meaningful as the cost of living. This year the irs announced there will be an increase to the maximum employee 401 (k) contribution limit for 2024, increasing it to $23,000, a $500 increase.