401k 2024 Tax Year Limits Over 50

401k 2024 Tax Year Limits Over 50. Quarterly payroll and excise tax returns normally due on oct. Employees can contribute up to $23,000 to their 401(k) plan for 2024 vs.


401k 2024 Tax Year Limits Over 50

The irs this week announced it was raising the 401 (k) contribution limit to $23,000, up from $22,500 currently. Take, for example, an employee with a 2024 annual salary that exceeds the tax limit by $10,000.

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