Irs 401k Limits 2024 Catch Up. Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year. Those 50 and older can contribute an additional.


Irs 401k Limits 2024 Catch Up

Older workers can defer paying income tax on as much as $30,500 in a 401(k) plan in 2023. The 2024 contribution limits for 401(k), 403(b), and most 457 plans have been raised, increasing by $500 the amount plan participants can contribute.

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