Irs 401k 2024 Limits

Irs 401k 2024 Limits. For 2024, the irs limits the amount of compensation eligible for 401(k) contributions to $345,000. The basic employee contribution limit for 2024 is $23,000 ($22,500 for 2023).


Irs 401k 2024 Limits

For employer sponsored plans, including 401(k)s the 2024 contribution limits will jump to $23,000. Contribution limits for 401(k)s, 403(b)s, most 457 plans, thrift savings plans (tsps), and other qualified retirement plans rise were $23,000 for 2024, rising from.

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