Irs Retirement Contribution Limits 2024 Chart

Irs Retirement Contribution Limits 2024 Chart. Workers who contribute to a 401 (k), 403 (b), most 457 plans and the federal government’s thrift savings plan can contribute up to $23,000 in 2024, a $500 increase from the $22,500 limit in 2023. $6,500 plus an additional $1,000 for employees age 50 or older in 2023;


Irs Retirement Contribution Limits 2024 Chart

The limit on total employer and employee contributions for 2023 was $66,000 ($73,500 with. The contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000.

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