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IRS Announces 401(k) Contribution Limit for 2024

IRS Announces 401(k) Contribution Limit For 2024

Employees will be able to sock away more money into their 401(k)s next year. 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 announced Nov. 1. That’s a $500 jump from the 2023 limits. The catch-up Contribution Limit...

The post Irs Announces 401(k) Contribution Limit for 2024 appeared first on ManagedPAY.



This post first appeared on Human Resources Outsourcing, please read the originial post: here

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IRS Announces 401(k) Contribution Limit for 2024

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