401k 2024 Tax Year Limit Calculator. As an employee, there are limits to how much you can contribute to a 401(k) each year. Older workers can defer paying income tax on as much as $30,500 in a 401(k) plan.
For 2024, the 401(k) annual contribution limit is $23,000, up from $22,500 in 2023. Use a free paycheck calculator to gain insights to your 401k and financial future.