Compensation Limit 401k 2024

Compensation Limit 401k 2024. The 401(k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions. These contributions significantly reduce taxable income, providing substantial tax benefits.


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. The 401(k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions.

Compensation Limit 401k 2024 Images References :

Compensation Limit 401k 2024