2024 401k Limits. In 2023, this rises to $22,500. For 2024, the irs limits the amount of compensation eligible for 401(k) contributions to $345,000.

In 2024, the irs allows you to contribute up to $23,000 to your 401(k) plan, up from $22,500 in 2023. In 2022, the most you can contribute to a roth 401(k) and contribute in pretax contributions to a traditional 401(k) is $20,500.