What Is Max Contribution To 401k In 2024
What Is Max Contribution To 401k In 2024. The 2024 401(k) contribution limit is $23,000 for people under 50, up from $22,500 in 2023. Maximum 401(k) contribution limits for 2024 total 401(k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024.
The 2023 individual 401(k) contribution limit is $22,500, up $2,000 from 2022. That means a new 401(k) contribution.