2024 401k Max Contribution . 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. The 401 (k) contribution limit is the maximum amount an individual can contribute to their 401 (k) retirement account in a calendar year without facing tax.
If you are over age 50, you can also make. For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.
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