Irs 401k Annual Compensation Limit 2024

Irs 401k Annual Compensation Limit 2024. The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older. 100% of the participant's average compensation for his or.


Irs 401k Annual Compensation Limit 2024

Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023โ€™s $22,500 to $23,000 for 2024. The 401 (k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions.

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