What is the 401(k) contribution limit for 2024?

Answered on : 2024-01-24

Sources

401(k) limit increases to $23,000 for 2024, IRA limit rises ... - IRS

irs.gov

1

401(k) contribution limits 2023 and 2024

fidelity.com

2

IRS Announces 401(k) Contribution Limit for 2024

shrm.org

3

view 6 more

The 401(k) contribution limit for 2024 is $23,000 for employee contributions, as announced by the IRS. Additionally, the total limit for combined employee and employer contributions to defined contribution plans will increase to $69,000 in 2024, up from $66,000 in 2023 [1][2][3].

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