401k 2024 Maximum Limits
For 2024, the irs limits the amount of compensation eligible for 401 (k) contributions to $345,000. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you're 50 or older).
Contributions to 401 (k)s can be automatically deducted from your. 2024 401k maximum contribution limits irs.