2024 401k Contribution Maximum Income. For employer sponsored plans, including 401(k)s the 2024 contribution limits will jump to $23,000. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you're 50 or older).
However, the irs limits the amount of income on which an employer can offer a matching contribution. For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024.
2024 401k Contribution Maximum Income Images References :
