August 15, 2024

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401k 2024 Tax Year Limit Increase

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401k 2024 Tax Year Limit Increase. According to the report, mercer envisions the irs increasing contribution limits by $500 in 2024 for not only 401 (k)s, but also 403 (b) and eligible 457 plans. 401k limit 2024 after tax.


401k 2024 Tax Year Limit Increase

For tax year 2024, employees can contribute up to $23,000. The 401(k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50.

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