What Is Irs 401 K Limit For 2024. — employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024. — starting in 2024, employees can contribute up to $23,000 into their 401(k), 403(b), most 457 plans or the thrift savings plan for federal employees, the irs announced nov.
Those 50 and older can contribute an additional $7,500. The internal revenue service (irs) has announced that contribution limits for 401 (k)s, 403 (b)s, most 457 plans, thrift savings.
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