401k Contribution Limits 2024 Catch Up Irs. The limit on employer and employee contributions is $69,000. The irs sets 401(k) contribution limits and typically increases them by $500 each year.


401k Contribution Limits 2024 Catch Up Irs

Beginning in 2024, the secure act 2.0 will index ira catchup contribution limits for inflation, making it likely that higher catchup contributions will be permitted. The irs this week announced it was raising the 401 (k) contribution limit to $23,000, up from $22,500 currently.

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