401k 2024 Tax Year Limit

401k 2024 Tax Year Limit. The 2024 401 (k) individual contribution limit is $23,000, up from $22,500 in 2023. That is $500 more than you were.

In 2023, this rises to $22,500. A revision in tax exemption limits of the income tax act’s section 80c would benefit elss mutual fund investors.