401k Contribution 2024. However, easing inflation now means lower forecasts for 401 (k). For 2024, the 401 (k) limit for employee salary deferrals is $23,000, which is above the 2023 401 (k) limit of $22,500.
The irs sets a limit on how much can be put into this plan every year, also known as an annual 401(k) contribution limit. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.
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