401k Eligible Compensation Limit 2024 Limit

401k Eligible Compensation Limit 2024 Limit. If you're age 50 or. For 2024, the irs limits the amount of compensation eligible for 401 (k) contributions to $345,000.


401k Eligible Compensation Limit 2024 Limit

Recent legislation passed by congress includes several provisions that enhance the ability of workers to increase their retirement savings. The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older.

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