2024 401k Maximum Contribution Limits Irs

2024 401k Maximum Contribution Limits Irs. The contribution limit will increase from $22,500 in 2023 to $23,000. Subtract from the amount in (1):


2024 401k Maximum Contribution Limits Irs

This is an increase of $500 from 2023. The total maximum allowable contribution to a defined contribution plan (including both employee and employer contributions) is expected to rise by $2,000.

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