2024 401k Limits Contribution Amount . As of 2024, the irs’s 401 (k) contribution limit has risen to $23,000. The basic employee contribution limit for 2024 is $23,000 ($22,500 for 2023).
The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. The total overall 401 (k) contribution limit for 2024, which includes employer matching contributions and nonelective contributions, is $69,000.
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