401k Contribution Limits 2024 Irs

401k Contribution Limits 2024 Irs. For 2025, the annual employee contribution limit for 401(k) plans is set to increase from $23,000 in 2024 to a record high of $23,500. Employees can contribute up to $23,500 to their 401 (k) plan for 2025 vs.


401k Contribution Limits 2024 Irs

The annual contribution limit for an ira in 2024 is $7,000 for those under 50, or $8,000 if you’re 50 or older. The 401(k) contribution limit increased to $23,500 for 2025, up from $23,000 in 2024.

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