401k 2024 Max Contribution Limit Irs

401k 2024 Max Contribution Limit Irs. 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. Section 415 of the internal revenue code (code) provides for dollar limitations on benefits and contributions under qualified retirement plans.


401k 2024 Max Contribution Limit Irs

The plan must specifically state that contributions or benefits cannot exceed. Starting in 2024, employees can contribute up to $23,000 into their 401(k), 403(b), most 457 plans or the thrift savings plan for federal employees,.

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