What Is The 401k Limit 2024. You'll owe income tax on your 401(k) distributions when you take them, but not social. Employees 50 or older can contribute up to $30,500 with.
Annual compensation limit 401k 2024. The 401 (a) compensation limit (the amount of earned income that can be used to calculate retirement account contributions) will increase from $330,000 in 2023 to $345,000 in 2024.