Irs Contribution Limits For 2024 401k. Be sure to take advantage. For 2024, the irs limits the amount of compensation eligible for 401(k) contributions to $345,000.

Contribution limits for 401(k)s, 403(b)s, most 457 plans, thrift savings plans (tsps), and other qualified retirement plans rise were $23,000 for 2024, rising from. That’s an increase from the 2023 limit of $330,000.