401k Limit 20245 Via. That income limit doesn't mean anyone making more than $345,000 in 2024 (or $330,000 in 2023) is ineligible to contribute. Specifically, your excess contributions could wind up being taxed twice.
The contribution limit will increase from $22,500 in 2023 to $23,000. The 2024 catch‑up contribution limit for individuals aged 50 and over will stay.
