2024 401k Contribution Limits Irs. On november 1, 2023, the internal revenue service announced that the amount individuals can contribute to their 401 (k) plans. Employees age 50 and older can contribute an additional $7,500 for a total of $31,000.


2024 401k Contribution Limits Irs

The irs has announced the 2024 contribution limits for retirement savings accounts, including contribution limits for 401(k), 403(b), and 457(b) plans, as well as income limits for ira. The irs raised the standard 401 (k) contribution limit from $22,500.

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