401(k) limit increases to $23,000 for 2024, IRA limit rises to $7,000

The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2024 has increased to $23,000, up from $22,500 for 2023.

Read the full article from IRS here: https://www.irs.gov/…/401k-limit-increases-to-23000-for…

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401(k) limit increases to $23,000 for 2024, IRA limit rises to $7,000

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