2024 40k Limit

2024 40k Limit. 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. This amount is up modestly from 2024, when the individual 401(k).


2024 40k Limit

For 2024, single and head of household filers with a magi below $146,000 (up from $138,000 last year) can contribute the full $7,000 in 2024. The 2024 contribution limit for 401 (k) plans is $23,000.

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