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Maximum Contribution In 401k 2024

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Maximum Contribution In 401k 2024. The maximum contribution is the same whether you contribute to one or both accounts: The ira catch‑up contribution limit for individuals aged 50.


Maximum Contribution In 401k 2024

Employees can invest more money into 401(k) plans in 2024, with contribution limits increasing from 2023’s $22,500 to $23,000 for 2024. As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a.

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