401k Eligible Compensation Limit 2024. The annual limit on compensation that can be taken into account for contributions and deductions increased to $345,000 in 2024 (up from $330,000 in 2023). Use our calculator to estimate your future balance.
That’s an increase from the 2023 limit of $330,000. For 2024, the irs limits the amount of compensation eligible for 401 (k) contributions to $345,000.