Irs 401k Limits 2024 Over 50

Irs 401k Limits 2024 Over 50. Employees can contribute up to $23,000 to their 401(k) plan for 2024 vs. Let's assume andrew is age 60, retired, and has $1 million in his 401 (k):


Irs 401k Limits 2024 Over 50

The 401(k) contribution limit is $23,000. Beginning in 2024, workers will be allowed to contribute up to $23,000 to their 401 (k), an increase of $500 from this year.

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