2024 401k Limits Catch Up. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from 2023โs $22,500 to $23,000 for 2024.
For 2024, the maximum you can contribute to a simple 401 (k) is $16,000. The irs has officially announced the 401k and ira contribution limits for the year 2024.
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