401k Maximum Contribution 2024 Plus Catch Up Contribution. The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. The contribution limits for individual retirement accounts (iras).
The internal revenue service (irs) raised the annual contribution limits for 2024 to $23,000, which amounts to a cost of living adjustment and is an increase from. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.
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