401k Limits 2024 After Taxation
401k Limits 2024 After Taxation . In 2024, the contribution limit for 401(k) plans is $23,000, and $30,500 for employees 50 years of age and older. For 2024, the irs limits the amount of compensation eligible for 401 (k) contributions to $345,000.
The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. 401 (k) contribution limits for 2024.
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