What Is The 401k Limit 2024

What Is The 401k Limit 2024. Set by the internal revenue service (irs), this limit undergoes. The 401(k) contribution limits can be broken down into two types:


What Is The 401k Limit 2024

The 401 (k) contribution limit is the maximum amount an individual can contribute to their 401 (k) retirement account in a calendar year without facing tax penalties. Key takeaways the irs sets the maximum that you and your employer can contribute to your 401(k) each year.

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