What Are The 2024 401k Limits. You may need to work at a company for a certain amount of time for the money to become “vested” or fully yours. For 2024, the irs limits the amount of compensation eligible for 401(k) contributions to $345,000.
Employees 50 or older can contribute up to For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.