401k Max 2024 Contributions Over 60. This year the irs announced there will be an increase to the maximum employee 401 (k) contribution limit for 2024, increasing it to $23,000, a $500 increase. Thanks to some recent adjustments by the internal revenue service, your 401 (k) will get a bit better in 2024.
Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can. For 2024, the compensation limit (which is the amount of your income that’s used to figure out 401(k) contributions and matches) is limited to $345,000.
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