What Is The Limit For 401k Contributions In 2024 In India. This marks a $500 increase from the 2023 limit of $22,500. For 2024, the compensation limit (which is the amount of your income that’s used to figure out 401(k) contributions and matches) is limited to $345,000.
Although the official announcement hasn’t been made yet, many analysts predict that the 2024 401(k) contribution limit will jump $500 to $23,000, from the. Employers can only use the first $345,000 of compensation to determine your 401 (k) match.