Maximum 401k Matching 2024. You can contribute to more than one 401 (k) plan. The 401 (k) contribution limit for 2024 is $23,000.
The irs limits the amount of income on which an employer can offer a matching contribution. Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024.
And The Total Annual Contribution Amount (Employee Plus Employer Contribution) Will Increase To $69,000 From $66,000 In 2023.
In 2024, it means setting aside $23,000 in savings, or $30,500 if you're 50 or older.
Learn About Types Of 401(K) Plans And How You Can Increase Your Limit.
What is the basic contribution limit for 401 (k)s?
Maximum 401k Matching 2024 Images References :
$19,500 In 2020 And 2021 And $19,000 In 2019), Plus $7,500 In 2023;
Simple 401(k) plan contributions max out at $16,000 for the 2024 tax year.
Note That Your Employer’s Matching Contributions Don’t Count Toward The Caps Above.