401k Limit 2024 69000 Per Year. The 401 (k) contribution limit is $23,000 in 2024. The irs limits how much employees and employers can contribute to a 401 (k) each year.
If you have a traditional 401 (k), your contributions will reduce your taxable income for the year. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401 (k), 403 (b) and 457 (b) plans increased from $22,500 to $23,000.
401k Limit 2024 69000 Per Year Images References :