401k Limit 2024 69000 Income. 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. In 2025, that limit rises to $23,500.

Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year. While those are the absolute maximums that can be contributed.