September 2, 2024

Flora Jewelle

Donna GayleenKacy SallieTrude HorFlora Jewelle

2024 401k Maximum Compensation

2 min read

2024 401k Maximum Compensation.  — the contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.  — the contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you're 50 or older).


2024 401k Maximum Compensation

Those 50 and over can contribute an additional $3,500 for a maximum contribution of $19,500. In 2024, the contribution limit for a roth ira.

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