2024 401k Limits Irs
2024 401k Limits Irs . For those with a 401(k), 403(b), or 457 plan through an employer, your new maximum contribution limit will go up to $23,000 in 2024. The employee contribution limit for 401 (k) plans in 2024 has increased to $23,000, up from $22,500 for 2023.
The irs also announced defined benefit plan limits for 2025. Most limits related to retirement plans will be slightly increased.
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