Maximum 401k Contribution 2024

Maximum 401k Contribution 2024

Maximum 401k Contribution 2024. As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a. For the tax year 2024, the maximum amount that an employee can contribute to their 401 (k) retirement plan is $23,000.


Maximum 401k Contribution 2024

The maximum amount you can contribute to a 401 (k), traditional or roth, in 2024 is $23,000, or $30,500 if you are 50 or older. That is $500 more than you were allowed to contribute in 2023.

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