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401(k) plan limits. 2023. 2024. Change. Maximum salary deferral for workers. $22,500. $23,000 +$500. Catch-up contributions for workers age 50 and older. $7,500. $7,500 +$0. Total...
The contribution maximum, including employer contributions, is 100% of your compensation or $69,000 ($76,500 if you're age 50 or older), whichever is less. Information is accurate as of April...
In 2024, the maximum contribution you can make to your 401(k) is $23,000, plus an additional $7,500 catch-up contribution if you’re 50 and up.
The total 401(k) contribution limit, which includes employer matches and after-tax contributions, is $69,000 in 2024, up from $66,000 in 2023. Those aged 50 and older can contribute an...
Continue reading → The post 401(k) Contribution Limits for 2022 and 2023 appeared first on SmartAsset Blog. Contributing to your 401(k) is a great way to prepare for retirement, allowing for tax ...
But the after-tax 401 (k) plan allows you to contribute up to a combined total of $69,000 (for 2024, or $76,500 for those 50 and older), including any employer matching funds. Many 401 (k) plans ...