401k 2024 Limits Catch Up 2024
401k 2024 Limits Catch Up 2024 . The contribution limits for individual retirement accounts (iras) also increases from $6,500 to $7,000. — employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024.
So, those aged 50 or over can contribute a total of $30,500 to their 401 (k) during 2024. This dollar amount is the same as in 2023.
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