What Is The 401 K Contribution Limit For 2024 Tax Year. The irs sets a maximum contribution limit for how much money employees can put into their 401(k)s, as well as a limit for how much an employer and employee. In 2024, the contribution limit for a roth 401 (k) is $23,000, plus an additional contribution of $7,500 if you are age 50 or older.
The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. The internal revenue service (irs) has announced that contribution limits for 401 (k)s, 403 (b)s, most 457 plans, thrift savings plans (tsps), and other qualified.
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What Is The 401 K Contribution Limit For 2024 Tax Year