2024 401k Annual Compensation Limit For Employees

2024 401k Annual Compensation Limit For Employees. The dollar limitation for catch. Starting in 2024, employees can contribute up to $23,000 into their 401 (k), 403 (b), most 457 plans or the thrift savings plan for federal employees, the irs announced nov.


2024 401k Annual Compensation Limit For Employees

According to the irs, in 2024, sep ira contributions can be made up to 25% of net income or $66,000, whichever is lower. For 2024, the 401 (k) contribution limit for employees is $23,000, or $30,500 if you are age 50 or older.

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