2024 Maximum 401k Contribution Amounts. That is $500 more than you were. 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.
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. The 401(k) contribution limit is $23,000 in 2024.