August 4, 2024

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New Irs 401k Limits 2024

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New Irs 401k Limits 2024. The irs released 401(k) and ira contribution limits for 2024, with higher limits than the previous year due to inflation. Good news for 401 (k) and roth ira account owners:


New Irs 401k Limits 2024

The annual contribution limit for 401 (k) plans will rise to $23,000 in 2024, up from the previous limit of $22,500. The irs this week announced it was raising the 401 (k) contribution limit to $23,000, up from $22,500 currently.

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