Irs 2024 401k Contribution Limits 2024. The 401 (a) compensation limit (the amount of earned income that can be used to calculate retirement account contributions) will increase from $345,000 in 2024. You can contribute to more.
Retirement savers are eligible to put $500 more in a 401(k) plan in 2024: For anyone 50 or older, you will be allowed to put.