401k Limits 2024 Catch Up Date . — the internal revenue service (irs) raised the annual contribution limits for 2024 to $23,000, which amounts to a cost of living adjustment and is an increase from. For 2023, the limit is $22,500.
— employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024. If you are 50 or older, you can defer paying income tax on $30,000 in your 401.
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