2024 Irs 401k Limit

2024 Irs 401k Limit. The total amount of contributions (employee and employer) that can be contributed to a 401 (k) or like defined contribution plan increases to the lesser of $69,000 or 100% of an employee’s compensation. Employees can contribute up to $23,500 to their 401 (k) plan for 2025 vs.


2024 Irs 401k Limit

The irs adjusts this limit every year based. 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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