Irs 401k Contribution Limit 2024. $19,500 in 2020 and 2021 and $19,000 in 2019), plus $7,500 in 2023; Section 415 of the internal revenue code (code) provides for dollar limitations on benefits and contributions under qualified retirement plans.


Irs 401k Contribution Limit 2024

The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older. The limit on total employer and employee contributions for 2023 was $66,000 ($73,500 with.

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