What Is The 401 K Contribution Limit For 2024 Tax Year

What Is The 401 K Contribution Limit For 2024 Tax Year. Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year. The 401 (k) contribution limit is $23,000 in 2024.

In 2024, the contribution limit for a roth 401 (k) is $23,000, plus an additional contribution of $7,500 if you are age 50 or older. The 401 (k) contribution limit is $23,000 in 2024.