2024 401k Limits Contribution Rate

2024 401k Limits Contribution Rate. As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a. The 2024 401(k) contribution limit is $500 higher than this year’s $22,500 max, which reflected a major increase from the 2022 limit of $20,500.

Table of contents 401(k) contribution limits for. The irs released 401(k) and ira contribution limits for 2024.