2024 401k Limits Contribution Limits. The irs released 401(k) and ira contribution limits for 2024. For 2024, the irs limits the amount of compensation eligible for 401(k) contributions to $345,000.
โ find out how much you can contribute to your 401 (k) or ira in 2024 and compare the tax advantages of each account. This is a $1,000 increase from the 401k contribution limits 2024 increase of $500 which made it a total of $23,000.