2024 Irs 401 K Contribution Limits Catch Up

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2024 Irs 401 K Contribution Limits Catch Up. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you're 50 or older). Starting in 2024, employees can contribute up to $23,000 into their 401(k), 403(b), most 457 plans or the thrift savings plan for federal employees, the irs announced nov.


2024 Irs 401 K Contribution Limits Catch Up

Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from 2023โ€™s $22,500 to $23,000 for 2024. You can contribute to more than one 401.

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