2024 401k Max Contribution Irs

2024 401k Max Contribution Irs. The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. $19,500 in 2020 and 2021 and $19,000 in 2019), plus $7,500 in 2023;.


2024 401k Max Contribution Irs

Section 415 of the internal revenue code (code) provides for dollar limitations on benefits and contributions under qualified retirement plans. Most people don’t max out their 401(k).

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