2024 401k Contribution Limit Irs

2024 401k Contribution Limit Irs. The more money you're able to save, the easier it will. However, nearly a quarter of 401(k) participants don’t save enough to max out that match, according to a 2024 vanguard study, and 13% save exactly enough to get the.

The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older. With a solo 401(k), you can contribute up to $66,000 for 2023 and $69,000 for 2024, or 25% of your.