401k Contributions 2024 Limits In Tally Prime

401k Contributions 2024 Limits In Tally Prime. 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. The 401(k) contribution limit is $23,000.

The dollar limitation for catch. As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a.