What Is The 401k Limit For 2024 Irs


What Is The 401k Limit For 2024 Irs. Contributions to 401 (k)s can be automatically deducted from your paycheck. On nov., 1, 2023, the irs boosted annual contribution limits for 2024 for 401 (k), 403 (b), and most 457 plans.


What Is The 401k Limit For 2024 Irs

The irs this week announced it was raising the 401 (k) contribution limit to $23,000, up from $22,500 currently. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023โ€™s $22,500 to $23,000 for 2024.

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