Irs 401k Contribution Limits 2024. Workplace retirement plan contribution limits for 2024. Irs statements and announcements section 415 of the internal revenue code (code) provides for dollar limitations on benefits and contributions under qualified retirement.

The 401 (a) compensation limit (the amount of earned income that can be used to calculate retirement account contributions) will increase from $330,000 in 2023 to $345,000 in. For 2024, the 401(k) annual contribution limit is $23,000, up from $22,500 in 2023.