September 17, 2024

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Max Compensation For 401k 2024

Max Compensation For 401k 2024. This is an increase of $500 from 2023. The 401(k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions.


Max Compensation For 401k 2024

The irs adjusts this limit every year based. For 2024, the irs limits the amount of compensation eligible for 401 (k) contributions to $345,000.

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