401k 2024 Tax Year Limits 2024

401k 2024 Tax Year Limits 2024. When placed in a taxable account (taxed annually), the end balance after 30 years is $402,400. For 2024, there’s a slight increase in the amount you can save in your 401 (k) plan.

Income thresholds for tax brackets will increase by approximately 5.4% for 2024. The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older.