Roze Melitta

Deferred Compensation Limit 2024. $19,500 in 2020 and 2021 and $19,000 in 2019), plus $7,500 in 2023; Older workers can defer paying income tax on as much as $30,500 in a.

The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. No more than $330,000 of the employee’s compensation can be taken into account when figuring contributions other than elective deferrals in 2023.