Irs 2024 Max 401k Contribution Limits. This brings the maximum amount they can contribute to their 401 (k)s to $30,500 in 2024 ($30,000 in 2023). The irs increased 2024 contribution limits for 401(k)s, 403(b)s, and iras.
This means that your total 401 (k) contribution limit for 2024 is. The elective deferral limit for simple plans is 100% of compensation or $16,000 in 2024, $15,500 in 2023, $14,000 in 2022, and $13,500 in 2020 and 2021.
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