Max 401 K Contribution For 2024 Pdf. After two years at $19,500, the individual contribution limit for 401(k) retirement savings plans in 2022 will increase by $1,000 to $20,500. For 2024, almost all the annual retirement plan contribution limits have increased from their 2023 levels.
Earnings limit for workers who are younger than full retirement age (benefits reduced $1 for each $2 over the earnings limit) $21,240. With inflation seemingly on the decline, the irs’ changes to contribution and gift limits for 2024 are not as substantial as they were in 2023.
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