401k 2024 Tax Year Limit 2024 . What is the 401(k) contribution limit in 2024? The contribution limits for individual retirement accounts (iras) also increases from $6,500 to $7,000.
The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older. It’s officially a $500 increase for the 2024 401(k) irs contribution limit.
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