2024 401k Contribution Maximum Amount

2024 401k Contribution Maximum Amount. The contribution limits for individual retirement accounts (iras) also increases from $6,500 to $7,000. Set by the internal revenue service (irs), this limit undergoes periodic adjustments to account for inflation and changes in the cost of living.

Set by the internal revenue service (irs), this limit undergoes periodic adjustments to account for inflation and changes in the cost of living. Total contributions to a solo 401 (k) cannot exceed $69,000 or $76,500 for those at least aged 50.