401k Eligible Compensation Limit 2024

401k Eligible Compensation Limit 2024. But if you are age 50 or older, you can take. 401 (a) (17) and 408 (k) (3) (c) compensation will rise to $340,000 from $330,000 in 2023.


401k Eligible Compensation Limit 2024

The annual limit on compensation that can be taken into account for contributions and deductions increased to $345,000 in 2024 (up from $330,000 in 2023). 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.

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