2024 401k Contribution Limits 2024 Irs. 401k and retirement plan limits for the tax year 2024. Each year, the internal revenue service (irs) provides a limit on what an individual can contribute to a 401 (k) plan.
For 2024, the irs limits the amount of compensation eligible for 401(k) contributions to $345,000. Each year, the internal revenue service (irs) provides a limit on what an individual can contribute to a 401 (k) plan.