01k 2024 Contribution Limit Chart

01k 2024 Contribution Limit Chart. In 2025, the irs has forecasted an increase in the 401(k) elective deferral limit to $24,000, up by $1,000 from the current limit. Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year.

In 2024, the contribution limit for a roth 401 (k) is $23,000, plus an additional contribution of $7,500 if you are age 50 or older. Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year.