What Is The 2024 401k Contribution Limit . The irs sets 401(k) contribution limits and typically increases them by $500 annually. On november 1, 2023, the internal revenue service announced that the amount individuals can contribute to their 401(k) plans in.
The 401(k) contribution limit for employees in 2024 is $23,000. 401k and retirement plan limits for the tax year 2024.
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