401k 2024 Maximum Limits . On nov., 1, 2023, the irs boosted annual contribution limits for 2024 for 401 (k), 403 (b), and most 457 plans. The contribution limits for individual retirement accounts (iras).
The contribution limit for simple 401 (k)s is $16,000 (up to $19,500 if you’re 50 or older). Here’s what you need to know about that maximum, employer matches and how much you should contribute.
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