New Irs 401k Limits 2024. The 401 (a) compensation limit (the amount of earned income that can be used to calculate retirement account contributions) will increase from $330,000 in 2023 to $345,000 in. All new limits will go into.
For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. You will be able to contribute an additional $500 in 2024.