The Internal Revenue Service has announced the retirement contribution changes for 2024. Retirement savers are eligible to put $500 more in a 401(k) Plan in 2024: The contribution limit will increase from $22,500 in 2023 to $23,000.
For a full description of the 2024 contribution changes, visit the Internal Revenue Service website:
https://www.irs.gov/newsroom/401k-limit-increases-to-23000-for-2024-ira-limit-rises-to-7000
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