401k Max Contribution 2024 Calculator Pdf. Some higher earners can funnel even more into their 401 (k. The irs has increased the 401(k) plan contribution limits for 2024, allowing employees to defer up to $23,000 into workplace plans, up from $22,500 in 2023.
The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. Typically, employees can contribute up to $23,000.