401k Max 2024 And 2024 Limit . 401 (k) employee contribution limits increase in 2024 to $23,000 from $22,500 in 2023. For 2024, the compensation limit (which is the amount of your income that’s used to figure out 401(k) contributions and matches) is limited to $345,000.
Ira limits increased $500 to $7,000. If you’re 50 or older, you can stash an additional $7,500 in your 401 (k).
401k Max 2024 And 2024 Limit Images References :
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401k 2024 Max Limits Orel Tracey , For 2024, the compensation limit (which is the amount of your income that’s used to figure out 401(k) contributions and matches) is limited to $345,000.
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