401k Maximum Contribution 2024 Calculator . — the 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. This limit includes all elective employee salary deferrals and any contributions.
— the contribution limit on individual retirement accounts will increase by $500 in 2024, from $6,500 to $7,000. In 2024, people under age 50 can contribute.
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