What Is The Limit For 401k Contributions In 2024 Calculator

What Is The Limit For 401k Contributions In 2024 Calculator. The 401(k) contribution limit for 2024 is $23,000, or $30,500 if you’re at least 50. The irs sets a limit on how much can be put into this plan every year, also known as an annual 401(k) contribution limit.

One factor to consider when contributing to a 401k savings plan is the contribution limit (the maximum amount of money you can put in your 401k for a given year) set by the irs. The limit on total employer and employee contributions for 2023 was $66,000 ($73,500.