401k 2024 Catch Up Contribution Limit Irs

401k 2024 Catch Up Contribution Limit Irs. The irs has increased the 401(k) plan contribution limits for 2024, allowing employees to defer up to $23,000 into workplace plans, up from $22,500 in 2023. Some employees’ compensation will exceed the annual compensation limit this year.


401k 2024 Catch Up Contribution Limit Irs

If you’re age 50 or older, you get to benefit from higher contribution limits to help your retirement accounts catch up. 48 rows in 2024, employers and employees together can contribute up to $69,000, up from a limit of $66,000 in 2023.

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