40k Contribution Limits 2024 Pdf. The irs has increased the 401(k) plan contribution limits for 2024, allowing employees to defer up to $23,000 into workplace plans, up from $22,500 in 2023. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.
More people will be able to make contributions to roth ira accounts, too. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.
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