2024 401k Maximum Compensation

2024 401k Maximum Compensation. In 2024, individuals can contribute. Shrm online will share the irs changes when they are released.


2024 401k Maximum Compensation

Starting in 2024, employees can contribute up to $23,000 into their 401 (k), 403 (b), most 457 plans or the thrift savings plan for federal employees, the irs. 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.

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