2024 401k Limits Charta Osn. What is the 401 (k) contribution limit in 2024? For 2024, the social security administration will deduct $1 from benefits for every $2 you earn above the annual limit of $22,320.
The basic employee contribution limit for 2024 is $23,000 ($22,500 for 2023). For 2024, the irs limits the amount of compensation eligible for 401(k) contributions to $345,000.