Irs 401k Limit 2024 Over 50. In november 2023, the irs issued updates for 2024. For 2024, employees may contribute up to $23,000.


Irs 401k Limit 2024 Over 50

Workplace retirement plan contribution limits for 2024. 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.

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