Irs 401 Limit 2024. The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you're 50 or older). The irs limits how much employees and employers can contribute to a 401(k) each year.


Irs 401 Limit 2024

If you’ve already reached your 401(k) contributions limit for the year (or soon will), congratulations! This year the irs announced there will be an increase to the maximum employee 401(k) contribution limit for 2024, increasing it to $23,000, a $500 increase.

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Irs 401 Limit 2024