2024

Irs 401k 2024 Maximum Limit

Irs 401k 2024 Maximum Limit. The contribution limits for individual. The elective deferral limit for simple plans is 100% of compensation or $16,000 in 2024, $15,500 in 2023, $14,000 in 2022, and $13,500 in 2020 and 2021.


Irs 401k 2024 Maximum Limit

The basic employee contribution limit for 2024 is $23,000 ($22,500 for 2023). The total overall 401 (k) contribution limit for 2024, which includes employer matching contributions and nonelective contributions, is $69,000.

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