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401k Limit 2024 Employer Contribution Over 50
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401k Limit 2024 Employer Contribution Over 50. The combined limit for employee and employer. The internal revenue service (irs) raised the annual contribution limits for 2024 to $23,000, which amounts to a cost of living adjustment and is an increase from $22,500 in 2023.
There’s also a $7,500 catch. Employees can invest more money into 401 (k) plans in 2024, with contribution limits increasing from 2023โs $22,500 to $23,000 for 2024.
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