Limit On 401k Contributions 2024 . If you’re 50 or older, you can stash an additional $7,500 in your 401 (k). The 401 (a) compensation limit (the amount of earned income that can be used to calculate retirement account contributions) will increase from $330,000 in 2023.
Find out the irs limit on how much you and your employer can contribute to your 401 (k) retirement savings account in 2023 and 2024. If you’re 50 or older, you can stash an additional $7,500 in your 401 (k).
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