2024 Irs 401k Limit

2024 Irs 401k Limit

2024 Irs 401k Limit.  — the elective deferral limit for simple plans is 100% of compensation or $16,000 in 2024, $15,500 in 2023, $14,000 in 2022, and $13,500 in 2020 and 2021.  — in 2024, the contribution limit for a roth 401 (k) is $23,000, plus an additional contribution of $7,500 if you are age 50 or older.


2024 Irs 401k Limit

 — in november 2023, the irs issued updates for 2024. The 2024 401 (k) individual contribution limit is $23,000, up from $22,500 in 2023.

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