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For 2025, the 401(k) limit for employee salary deferrals is $23,500, which is above the 2024 401(k) limit of $23,000. Employer matches don’t count toward this limit and can be quite generous.
A 401(k) is a retirement account offered by employers that also offers tax benefits. Find out the maximum you can contribute to your 401(k) in 2024. 401(k) Contribution Limits 2024
The IRS places contribution limits on 401(k)s: For 2024, the contribution limit is $23,000, with an additional $7,500 allowed in catch-up contributions for workers who are age 50 or older.
For 2024 and 2025, you can contribute as much as $23,000 to your 401(k). Dig deeper: 12 states with the lowest average 401(k) balances How much do you need to retire?
Contribution limits to 401(k) plans in 2024 have increased to $23,000, up from $22,500 for 2023. Catch-up contributions for those age 50 and older will remain unchanged at $7,500.
In 2024, the 401(k) contribution limit is $23,000, which is up from $22,500 in 2023. Individuals aged 50 and over can contribute an additional $7,500 in catch-up contributions to their 401(k ...
A 401(k) has a maximum annual contribution amount, which is $23,000 in 2024. Those age 50 and older can make a “catch-up” contribution of up to $7,500. Matching contributions from an employer ...
If you plan to rely on your 401(k) during retirement, you might consider contributing the maximum annual amount, which is $23,000 or $30,500 (aged 50 and over) in 2024. Not only would this build ...