What Is The Limit For 401k Contributions In 2024.  — the 2024 401(k) contribution limit is $500 higher than this year’s $22,500 max, which reflected a major increase from the 2022 limit of $20,500.  — for 2024, the compensation limit (which is the amount of your income that’s used to figure out 401(k) contributions and matches) is limited to $345,000.

If you’re 50 or older, you can stash an additional $7,500 in your 401 (k).  — in 2024, employees can contribute up to $23,000 to their plans.