2024 Irs 401 K Maximum Contribution Limits

2024 Irs 401 K Maximum Contribution Limits. You can contribute to more. The 401 (k) contribution boost for 2024.


2024 Irs 401 K Maximum Contribution Limits

The elective deferral limit for simple plans is 100% of compensation or $16,000 in 2024, $15,500 in 2023, $14,000 in 2022, and $13,500 in 2020 and 2021. The total overall 401 (k) contribution limit for 2024, which includes employer matching contributions and nonelective contributions, is $69,000.

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