Rebe Valery

What Is The Business Mile401k 2024 Compensation Limits. The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older. The income limits for the saver's credit will increase to $38,250 for individuals and $76,500 for couples.

If you participate in a 401 (k) retirement savings plan at work, your personal contribution limit in 2024 is $23,000. That’s an increase from the 2023 limit of $330,000.