401k 2024 Max Contribution Limit Irs
The irs limits how much employees and employers can contribute to a 401 (k) each year. A roth ira might be a particularly good destination for your extra.
Total 401 (k) plan contributions by an employee and an employer cannot exceed $69,000 in 2024. The 401(k) contribution limit for 2024 is $23,000.
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Irs Contribution Limit 2024 Maia Sophia , The internal revenue service (irs) raised the annual contribution limits for 2024 to $23,000, which amounts to a cost of living adjustment and is an increase from $22,500.