2024 401k Max Contribution Irs. In addition, the income limits to claim the. The contribution limits for individual retirement accounts (iras).
The 401 (k) contribution limit is the maximum amount an individual can contribute to their 401 (k) retirement account in a calendar year without facing tax. Your income increases due to a raise or bonus, and you forget that your 401(k) contribution is a percentage of how much you earn.