401k Max 2024 Catch Up
401k Max 2024 Catch Up . The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older. The 2022 contribution limit for a simple ira or 401 (k), which are retirement plans designed for small businesses with 100 or fewer employees, is $14,000.
This change will affect taxpayers who earn at least. The 401 (k) 2024 employee contribution limit is $23,000, which is an increase of $500 from the previous year.
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