2024 401k Limits And Matching Income

2024 401k Limits And Matching Income. As of 2024, the irs’s 401 (k) contribution limit has risen to $23,000. See the limits for traditional 401(k)s, roth 401(k)s, employer contributions, and profit sharing.

The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. In 2023, the most you can contribute to a roth 401(k) and contribute in pretax contributions to a traditional 401(k) is $22,500.