What Is The Limit For 401k Contributions In 2024

What Is The Limit For 401k Contributions In 2024.  — the contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.  — in 2024, employees can contribute up to $23,000 to their plans.


What Is The Limit For 401k Contributions In 2024

The 2024 limit on 401(k) contributions is $23,000, or $30,500 for people 50 and older.  — for 2024, the compensation limit (which is the amount of your income that’s used to figure out 401(k) contributions and matches) is limited to $345,000.

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