2024 401k Annual Compensation Limit 2024
2024 401k Annual Compensation Limit 2024 . Details of changes for 2024. The annual limit on compensation that can be taken into account for contributions and deductions increased to $345,000 in 2024 (up from $330,000 in 2023).
The basic employee contribution limit for 2024 is $23,000 ($22,500 for 2023). For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.
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2024 401k Limits Chart Pdf Download Lane Shanon , The annual limit on compensation that can be taken into account for contributions and deductions increased to $345,000 in 2024 (up from $330,000 in 2023).