2024 Retirement Contribution Limits 401k. Thanks to some recent adjustments by the internal revenue service, your 401 (k) will get a bit better in 2024. 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.
The two most popular investing vehicles for retirement include 401 (k) and ira accounts, each of which have traditional and roth versions. 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.