Max On 401k 2024 . Maxing out your 401 (k) is no easy task. 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.
For 2024, the 401(k) annual contribution limit is $23,000, up from $22,500 in 2023. In 2024, it means setting aside $23,000 in savings, or $30,500 if you’re 50 or older.
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