Compensation Limit 401k 2024

Venus Jeannine2024 Compensation Limit 401k 2024

Compensation Limit 401k 2024

Compensation Limit 401k 2024. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401 (k), 403 (b) and 457 (b) plans increased from $22,500 to $23,000. So keep that in mind!


Compensation Limit 401k 2024

For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. The income limits for the saver’s credit will increase to $38,250 for individuals and $76,500 for couples.

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