2024 401k Limits And Matching
These were announced by the irs on november 1, 2023. Both lobbies were highly successful:
The 401(k) contribution limits for 2024 are $23,000 for people under 50, and $30,500 for those 50 and older. The 401(k) contribution limit is $23,000.
Here's How The 401(K) Plan Limits Will Change In 2024:
In 2022, the most you can contribute to a roth 401(k) and contribute in pretax contributions to a traditional 401(k) is $20,500.
Both Lobbies Were Highly Successful:
Employee and employer match 401(k) contribution limits for 2024.
Images References :
Learn More About 401(K) Limits.
Employer matches don’t count toward this limit and can be quite generous.
That's An Increase From The 2023 Limit Of $330,000.
The 2023 limit was $22,500.