October 11, 2024

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What Is Irs 401 K Limit For 2024

What Is Irs 401 K Limit For 2024. The 2024 401(k) contribution limit is $500 higher than this year’s $22,500 max, which reflected a major increase from the 2022 limit of $20,500. Find out how much you can contribute to your 401 (k) or ira in 2024 and compare the tax advantages of each account.


What Is Irs 401 K Limit For 2024

For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024. The 401(k) contribution limit is $23,000.

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