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Irs 401k Compensation Limits 2024. $23,000 for 401(k) or 403(b) plans $16,000 for simple plans Compensation is generally limited to $345,000 in 2024.

Compensation is generally limited to $345,000 in 2024. The irs said on friday it increased the annual employee deferral limit to $23,500, from $23,000 in 2024, for workplace plans, including 401(k)s, 403(b)s, governmental 457.