2024 401k Limits Catch Up Irs. The 401 (k) compensation limit is $345,000. For 2024, the maximum you can contribute from your paycheck to a 401 (k) is $23,000.
Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from 2023โs $22,500 to $23,000 for 2024. Starting in 2024, employees can contribute up to $23,000 into their 401(k), 403(b), most 457 plans or the thrift savings plan for federal employees, the irs announced nov.