September 13, 2024

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2024 401k Contribution Limits Irs

2024 401k Contribution Limits Irs. The 2024 ira contribution limit is $7,000, up from $6,500 in 2023. Of note, the 2024 pretax limit that applies to elective deferrals to irc section 401(k), 403(b) and 457(b) plans increased from $22,500 to $23,000.


2024 401k Contribution Limits Irs

For 2024, the 401(k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older. More people will be able to make contributions to roth.

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