2024 401k Contribution Limit

2024 401k Contribution Limit. The irs has announced the 2024 contribution limits for retirement savings accounts, including contribution limits for 401(k), 403(b), and 457(b) plans, as well as income limits for ira. The maximum employee contribution limit for a solo 401 (k) is $23,000 or 100% of your income in 2024, whichever is less.

In 2024, the contribution limit for a roth 401 (k) is $23,000, plus an additional contribution of $7,500 if you are age 50 or older. The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023.