Contribution Limits 2024 401k. The irs released 401(k) and ira contribution limits for 2024. For 2024, the compensation limit (which is the amount of your income that’s used to figure out 401(k) contributions and matches) is limited to $345,000.

Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up. The most important thing is the ticking tax time bomb.