401k 2024 Tax Year Limit 2024

401k 2024 Tax Year Limit 2024. Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year. 401k and retirement plan limits for the tax year 2024.


401k 2024 Tax Year Limit 2024

The 2024 401(k) individual contribution limit is $23,000, up from $22,500 in 2023. Employees could contribute up to $22,500 to their 401(k) retirement savings plans for tax year 2023.

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