Maximum 401k Contribution Limits for 2024
The IRS announced on Nov 6, 2023 that employees in 401(k) plans will be able to contribute up to $23,000 in 2024 up from $22,500 in 2023 The catch-up contribution limit for employees aged 50 and over who participate in these plans stays at $7000. To summarize here is how the 401(k) plan limits will […]