401k 2024 Limits Increase With Inflation. Section 415 of the internal revenue code (code) provides for dollar limitations on benefits and contributions under qualified retirement plans. The irs has increased the contribution limit for 401 (k) plans for 2024 so individuals can now contribute up to $23,000.
Section 415 of the internal revenue code (code) provides for dollar limitations on benefits and contributions under qualified retirement plans. 401(k) employee contribution limits increase in 2024 to $23,000 from $22,500 in 2023.
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