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On top of these amounts, workers aged 50 and older can add up to $7,500 more annually as a catch-up contribution in 2024, the same amount as 2023. The 401(k) contribution limits also apply to ...
The IRS released the maximum annual contributions to 401(k) ... starting in 2023. The annual contribution limit for IRAs increased to $6,500, up from $6,000, an increase of 8.3%. ... The catch-up ...
The IRS rolled out major changes to 401(k) contribution limits last week, including catch-up contributions for workers aged 50 and older. In an Oct. 21 announcement, the tax agency said the amount...
The combined employer-plus-employee contribution limit for 2024 is $69,000 ($76,500 with the catch-up amount). Those limits are up from tax year 2023. The 401 (k) contribution limit in 2023 is ...
The 401(k) contribution limit for 2024 is $23,000, and the catch-up contribution allows workers to add an additional $7,500 – for a grand total of $30,500 this year.
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