Maximum Compensation For 401k 2024. Employers can only use the first $345,000 of compensation to determine your 401 (k). For 2024, a 401 (k) participant filing single can contribute up to $23,000 (up from $22,500 in 2023).


Maximum Compensation For 401k 2024

As the table above illustrates, the 2024 irs limit for employee 401(k) contributions jumped up $500 from the. The irs also sets limits on how much you and your employer combined can contribute to your 401 (k).

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