What Is The 401 K Contribution Limit For 2024

What Is The 401 K Contribution Limit For 2024. The contribution limit for simple 401(k)s is $16,000 (up to $19,500 if. Find out how much you can contribute to your 401 (k) or ira in 2024 and compare the tax advantages of each account.

The 401(k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions. As of 2023, individual employees have a 401(k) contribution limit of.